A SLIDE IN LOCAL PRODUCTION AND IMPORT DEPENDENCE CREATE DOUBTS OVER POSITIVE IMPACT OF THE EXPECTED DROP IN GLOBAL RICE PRICE ON NIGERIA
Rice prices are projected to decline by 11 per cent in 2025/2026 due to favourable weather conditions and increased global production, according to the 2025 annual commodities review and outlook report by AFEX, a leading commodity exchange platform. “The global rice market is poised for potential price relief in 2025, driven by expectations of strong…