RIFAN PROMISES TO CRASH RICE PRICE TO 9,000 IN 3 WEEKS

The Rice Farmers Association of Nigeria (RIFAN) has assured that it will, in the next three weeks, flood the market with rice and also cut the price to about 9,000 per 50kg, after recording a bumper harvest. The hike in the price of rice follows the closure of the nation’s land borders that prevented foreign rice from coming into Nigeria.

RIFAN PROMISES TO CRASH RICE PRICE TO 9,000 IN 3 WEEKS

PUBLISHED: STVN 22 OCTOBER, 2019

The Rice Farmers Association of Nigeria (RIFAN) has assured that it will, in the next three weeks, flood the market with rice and also cut the price to about 9,000 per 50kg, after recording a bumper harvest.

The hike in the price of rice follows the closure of the nation’s land borders that prevented foreign rice from coming into Nigeria.

RFAN President, Aminu Goronyo said: “We have a bumper harvest that we never had before. We have never had the type of bumper harvests that we recorded this year.”

He expressed displeasure that some people have seen the border closure as an opportunity to cause widespread artificial rice scarcity for selfish motives.

“There are enemies of this country who buy and store this commodity just because they want to create artificial scarcity. But let me tell you, our harvest is coming up in the next two to three weeks, and the paddy coming to the mills, our millers cannot even mill it.

“No matter who is trying to hoard or create artificial scarcity as seen in certain locations, such persons will be disappointed.”

“Such persons cannot buy all the paddy rice coming into the mills and we have more than enough for Nigerians to consume.”

As part of efforts to stop artificial scarcity and reduce the price of rice, Goronyo said members of RIFAN has decided to stop selling paddy to individuals who were not millers.

“We’ve noticed that there are people who move into the market to buy paddy rice and who are not even millers. We don’t know where they come from. They are enemies of this country because they just want to put Nigeria in a situation where we have artificially induced rice scarcity.

“We are now taking steps to address this by ensuring that no paddy rice buyer will come to the farmers directly and buy unless he identifies himself. There should be a broker who will verify the buyer to know whether he is a miller or not. So that is what we are trying to do now.

“Our promise is that Nigerians will continue to get this commodity at an affordable price and it will be available. And like I said to you, we are still selling at N7,500 per bag of paddy and millers are officially selling at N14,000.

“I don’t think the price will go up, rather the only thing we hope is that the price will continue to come down and definitely it will. Some of our millers sell at N12,000 and we hope that Nigerians will buy a 50kg milled rice at between N9,000 and N10,000.”

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