Rice

Rice shortfall in Nigeria has left the country reliant on imports valued at nearly US$2 billion annually.

Kenya maintained the region’s highest rice price at US$1,264 per metric ton (MT) in both months, reflecting a marginal month-on-month decline of 0.03%

The restriction, introduced on September 1 for a period of 60 days, was aimed at supporting farmers facing falling paddy rice prices during the harvest season.

The new organization will represent collective interests before the state and international partners to improve competitiveness of locally produced rice.

India’s aggressive export drive is likely to extend its grip on global rice trade, where it already accounts for around 40% of shipments