NewsExpress advert FCMB banner
Local rice to sell for N6,000,says Farmers Association

By Ginika Okoye on 04/10/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 605

•Bags of local rice
•Bags of local rice

The Rice Farmers Association of Nigeria (RIFAN) says it will reduce the price of locally produced rice from N18,000 per 50kg. bag to N6,000 within the next few months.

Alhaji Aminu Goronyo, the National President of RIFAN, said this during a meeting with Rice Processors Association of Nigeria (RIPAN) and the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, in Abuja on Wednesday.

Goronyo said that although RIFAN and RIPAN had agreed to fix the current price of 50 kg. bag of rice at between N13,000 and N13,500, the price would further crash to N6,000 within the next few months if there were bumper harvests and low cost of production.

He said that the drastic reduction in the price would be made feasible if the cost of rice production was cut through the Federal Government’s support to rice farmers.

“This is just the beginning. The actual price will still come down because we are expecting a bumper harvest this year; we have sat down with the millers and agreed that we will work together for the interest of Nigerians.

“At one time, people were buying a bag of rice at the cost of N18,000 but they are now buying it at between N13,000 and N15,000. The price is coming down.

“In the next few months, God willing, the price of a 50kg. bag of rice will come down to N6,000. It is achievable, it will be a reality,’’ he said.

Alhaji Mohammed Abubakar, the Chairman, Rice Processors Association of Nigeria (RIPAN), said that the associations had signed a Memorandum of Understanding (MoU) to slash the prices of both paddy and processed rice.

“We have agreed at N110,000 per tonne of paddy. In the market, rice will come around N13,000 to N13,500 per 50kg. bag.

“Before now, we were buying paddy at N140,000 and N150,000 per tonne and we are selling our rice at N16,000 per 50kg. bag.

“If this MoU works, we hope to sell a bag of rice at N13, 000 to N13, 500, depending on where you are in the country,’’ Abubakar said.

Speaking during the meeting, Ogbeh commended the associations for their decision to slash the price of locally produced rice.

The minister, who noted that the biggest challenge facing rice farmers in the country was smuggling, said that the move would aid efforts to stamp out rice smuggling into the country.

“Let me express the appreciation of President Muhammadu Buhari and the Vice-President, Prof.  Yemi Osinbajo, to both farmers and millers because nobody can calculate what you have done to rescue our country that was very close to disaster.

“What you have done is going to save us from a lot of difficulties. What we want to promise you is that we will help you ease the burden of rice farming.

“Last year, we procured 80,000 threshers; this year, we will procure another 2,500 threshers and we are bringing in small reapers for distribution to rice farmers.

“The equipment will enable them to cut the rice, thresh it, winnow it and put it in sacks; It will take away all the stress which makes rice farming very difficult so that you can keep to the price of N110,000 per tonne of paddy that we agreed.

“If we are able to keep these prices stable and we are able to contain smuggling, I hope you will keep us informed when there are any challenges confronting you because no country can claim to be strong if its citizens are hungry.

“Let everybody know that the price of rice for this Christmas will be good enough for us to eat rice, chicken and fish.

“We just can’t afford hunger here. The smuggler will be the beneficiary of any violation of the price agreement you have reached,” Ogbeh added. (NAN)

Source News Express

Posted 04/10/2017 4:55:18 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
HURIWA demands Lai Mohammed’s sack over alleged offensive...

Adamawa gov poll: Atiku denies romance with Ribadu...

Nigeria moves closer to single naira rate

Reverse ban on Pentecostal churches, Nigerian Christians tell...

Economic Recovery Plan: Proper implementation will revive Economy...

Strike: FG ready to discuss with Resident Doctors...

Ex-Egyptian President Morsi to face murder trial •Campaign...

Akwa Ibom inaugurates multi-billion naira projects to mark...

Anambra 2017: Ex-Rep Okey Enemuo picks Labour Party...

Troops spring surprise on bicycle-riding terrorists

INEC begins procurement of materials for Kogi election...

Oba Akiolu throws weight behind true federalism •Rules...


Latest News Victor Moses shoots down hosts Poland as Super Eagles begin 2018 World Cup preparation on victory note FG tackles Bill Gates over Buhari’s economic strategy Jonathan, South South Governors, others storm Yenagoa for Restructuring Rally Cholera, Lassa fever kill 14 in Bauchi Anambra guber: Tribunal fixes April 17 for hearing of case against Obiano Queen Elizabeth to start this year’s London Marathon 7.4m pupils benefitting from school feeding programme — Osinbajo Supreme Court orders retrial of Kenny Martins, others for alleged N7.74bn Police Equipment fraud CBN sustains intervention in foreign exchange market with $339.89m Akeredolu remains Ondo Governor — APC Technological Development: FG ready to partner Techno Land Use Charge: Lagos Peoples’ Assembly throws weight behind Ambode •Brands Ikeja NBA mercenary tools of politicians


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (333,028 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (325,933 views) Shameless Genevieve Nnaji exposes breasts in public (261,433 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (214,903 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (198,391 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (192,941 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (168,166 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (150,826 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (143,501 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (133,741 views) Lagos plane crash: Journalist releases victims’ names (133,013 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (126,229 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (35) Business & Economy (2,984) Business Verdict (36) Columnists (817) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (456) Features (554) Global Business Monitor (241) International (1,863) Interview (146) Live Commentary (28) Love Matters (114) News (33,862) Opinion (898) Pidgin (10) Politics (4,636) Religion (703) Sports (1,458) Stock Watch (28) AMA & Al Jazeera Global Update



NLNG Science and Literature Prize Awards




Football Highlight -- BARCELONA - CHELSEA 3:0


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera