Rice

The measure permits wheat to be imported at a 10% tariff, significantly lower than the EAC’s Common External Tariff (CET) of 35%

This initiative demonstrates the shared goals of Guinea and Côte d’Ivoire regarding food sovereignty and inclusive agricultural development, especially as both countries seek to reduce their reliance on rice imports.

In response to the anticipated decline, the Thai Rice Exporters Association and the Ministry of Commerce have set a lower export target of 7.5 million tonnes for 2025. This adjustment reflects the expected impact of India’s resumption of rice exports and a stronger Thai baht.

This development comes as the agency boosts procurement and rolls out a nationwide subsidized rice program

Rabiu attributed much of the inflationary pressure to speculative hoarding of commodities like paddy rice during harvest season