Christmas: Ebonyi rice millers announce that there is excess rice, with a 50 kg bag costing N32,000. We are having a bountiful crop. Therefore, the rice miller organization stated, "We anticipate more rice to be available to consumers this season." Nigerian News Agency • November 9, 2023 Rice bags that were utilized as tale illustrations The Abakaliki Rice Mill Owners Association reports that because of the bountiful harvests, there would be plenty of rice available for Christmas. The association's head, Linus Nkwuda, declared on Thursday in Abakaliki that rice yields for 2023 were plentiful. We are having a bountiful crop. Thus, we anticipate that customers will find more rice on the market this season, Mr. Nkwuda said.
November 10, 2023, Friday Christmas menu: a 50 kg bag of rice for N32,000; Ebonyi rice millers announce that there is more rice. We are having a bountiful crop. Therefore, the rice miller organization stated, "We anticipate more rice to be available to consumers this season." The Abakaliki Rice Mill Owners Association reports that because of the bountiful harvests, there would be plenty of rice available for Christmas. The association's head, Linus Nkwuda, declared on Thursday in Abakaliki that rice yields for 2023 were plentiful. We are having a bountiful crop. Thus, we anticipate that customers will find more rice on the market this season, Mr. Nkwuda said.
November 10, 2023, Friday Christmas menu: a 50 kg bag of rice for N32,000; Ebonyi rice millers announce that there is more rice. We are having a bountiful crop. Therefore, the rice miller organization stated, "We anticipate more rice to be available to consumers this season." The Abakaliki Rice Mill Owners Association reports that because of the bountiful harvests, there would be plenty of rice available for Christmas. The association's head, Linus Nkwuda, declared on Thursday in Abakaliki that rice yields for 2023 were plentiful. We are having a bountiful crop. Thus, we anticipate that customers will find more rice on the market this season, Mr. Nkwuda said.
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As of right moment, prices are changing every day. According to Mr. Nkwuda, the price of a 25-kilogram bag of the best grade is now between N17,000 and N19,500. "In October, we reduced the price because it was sold for between N18,000 and N17,000." "A 50kg bag is sold between N38 and 32 depending on the grade; there are different species of rice in the market," the rice miller continued.
Among others, we have R8, CP, and Mass. Mr. Nkwuda clarified that demand also affected pricing, stating that a surge in supply would cause prices to decrease while a surge in consumers would result in price increases. He asserts that prices are always set by market forces, particularly around holidays like Christmas. "However, I hope that the market will have an excess supply this year, 2023," stated the chairman of the rice miller organization.
