Rice production has been predicted to fall by seven per cent within the marketing year, starting from October to September 2023 following insecurity and recent flooding that has eroded rice-growing areas.
This is according to the United States Agriculture Department in its latest ‘Nigeria grain and feed update’.
According to USDA, households have started to see a substantial increase in the average price of bags of rice, rising to about 50 per cent, in some cases to N45,000 from N31,000.
It said production aws expected to decline to 7.8 million metric tons from 8.4 million tons in 2021-2022.
- Flooding: Experts warn of epidemic as corpses float
- NBA to assist members affected by flooding
- Bayelsa mourns footballer drowned while saving flood victims
Area harvested was expected to shrink by seven per cent to 3.4 million hectares (a hectare equals 2.47 acres) in the current marketing year, it said.
While citing officers and farmers, USDA said floods in September washed away thousands of hectares of rice farms at the maturing stage.
It added that yield increased marginally due to good weather, improved management practices, and improved varieties, it said. Rice imports are estimated to fall to 1.5 million tons, down from 2.2 million tons the prior marketing year due to a partial ban in 2021-2022.
It stated that between 2022 and 2023, rice consumption was estimated at 6.9 million tons, a decline of 5 per cent due to higher prices amid dwindling consumer purchasing power. ,
My missing grandson’s school uniform found at shrine –Anambra trader
Naira redesign: Experts differ as minister faults Emefiele
As president, Atiku won’t disobey court order – Ologbondiyan
Yahoo boy killed schoolteacher for complaining about bashed car – VP
A’Court stops execution of judgment freeing Kanu
How Nigerian prophets gave 15 fake prophecies – Report
Netflix wants me to produce ‘Anikulapo’ series – Afolayan
Why Atiku is visiting US – Aide