Bumper Harvest Reduces Cost Of Local Rice In Jalingo

A survey conducted by the News Agency of Nigeria (NAN) on Wednesday at Gadar Bobboji, Kasuwan Bera and Mile Six Markets, has shown that the price has significantly decrease. Rice worth N650 and N750 weeks ago are now sold for N480 and N550. Similarly, a bag of local rice sold between N28, 000 and N30, 000…”
Moroti Olatujoye
October 11, 2017 4:00 pm

A survey conducted by the News Agency of Nigeria (NAN) on Wednesday at Gadar Bobboji, Kasuwan Bera and Mile Six Markets, has shown that the price has significantly decrease.

Rice worth N650 and N750 weeks ago are now sold for N480 and N550.

Similarly, a bag of local rice sold between N28, 000 and N30, 000 two to three weeks ago is now selling at between N23, 000 and N24, 000.

When contacted for comment, the leader of rice sellers at Gadar Bobboji Market, Alhaji Nura Mohammed, attributed the price decrease to availability of the commodity in the market.

He said that the bumper harvest recorded by farmers in the state had contributed to the increase in supply.

Mohammed predicted that the price could drop further ahead of the Yuletides if the current supply of rice to the market was sustained.

It was however discovered that the price of foreign rice has slightly increased in the markets.

A measure of foreign rice which costs N950 two weeks ago is now selling at N1, 000, while a 50kg bag of foreign rice has gone up from N18, 500 to N19, 000.

Join the discussion

Related Posts

See All