Rice farmers and processors on Wednesday said price of 50kg bag of rice will crash to N6000 in a couple of months.

National President, Rice Farmers Association of Nigeria, Mr. Aminu Goronyo said this on the sideline of a meeting between rice farmers/processors and the Minister of Agriculture and Rural Development, Chief Audu Ogbeh.

What he said:

• A bag of 50kg rice which currently sells at N13,000 will reduce to N6,000 in a few months.

He said, “This is just the beginning, the actual price of rice will come down because we are expecting a bumper harvest this year. We have sat down with the millers and have agreed that we are going to work together for the interest of Nigerians. I think you have been buying a bag of rice at the cost of N18,000, but today the price is between N13,000 to N15,000, meaning that the price is coming down.”

“Of course! Not even N7,000, it will crash to N6,000. Just give us some time; in fact, in the next few months and it will be for 50kg.”

Azeez