Home BUSINESS LOCAL RICE: HIGH PRICE WORRIES FG – AGRIC MINISTER

LOCAL RICE: HIGH PRICE WORRIES FG – AGRIC MINISTER

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The Federal Government is disturbed over high cost of local rice in the country, which it said is now above the price of imported rice.

The Minister of Agriculture and Rural Development, Audu Ogbeh, while responding to questions at a Town Hall meeting in Abuja, said the situation was disturbing, considering government’s efforts at encouraging local production of rice in the country.

The Minister raised the concern just as the Chairman, Senate Committee on Agriculture, Abdullahi Adamu, said the country spent too much time talking about agriculture with little results to show.

He spoke in Abuja while delivering a good will message at the consultative forum on national farmers’ empowerment programme, organized by the Agric ministry and Eurobase Consult limited.

But the Agric Minister gave reasons why prices of the local rice was now above that of foreign rice, saying most of the imported rice were from Vietnam, India and Thailand, that subsidise the export of rice.

He explained that the imported rice arrive at about 9,000 naira per bag and were then sold at about 13,000 naira per bag to consumers unlike the local rice sold at about 16,000 naira per bag.

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