Price of rice set to fall in November

12.10.2016

The Federal Government confirmed on Monday that the price of rice is set to fall from November with more Nigerians returning to their farms to focus on agriculture, Punch reports.

The Minister of Agriculture and Rural Development, Adu Ogbeh said that the government could not be involved in the importation of rice and stressed that it would not encourage the importation of rice as it would be detrimental to local production.

“We will not encourage rice importation and there is no way our ministry or government can be involved in importing rice when we are working hard to be self-sufficient in local production. By November when the full-scale harvest starts, rice prices will fall,” the minister said.

News24 reported that the Federal Government denied that they have been importing genetically modified rice which was made known during a news conference by the Director-General National Biosafety Management Agency, Rufus Ebegba.

Ebegba states that no genetically modified rice has been released into the country and no GMO rice has been released anywhere in the world either.


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