Why Is Garri Same Price With Rice (What Are We Experience Here)

It is no longer news that prices of produces are constant increase for this write up which will be more of a question I will be taking all my prices from the current selling price on www.daydone.com.ng

As of today Garri is 25,500 in which an average Nigeria Rice is also selling for 25,500 even though the congo’s are not same but the price of produces especially our Nigeria well parboiled Rice has been on constant increase week by week.

My thought are

- Is this a bubble or inflation is actually picking up?

- Is this astronomical height of Rice especially something to expect to come down?

- Or is the minimum wage changed the goal post for the height the produce have to reach?

- Is this coming down soon after reaching a peak?

- What should we expect this coming festive season?

My Final thoughts; as we know that agricultural products are essential necessity for the bubble to burst they might need to be an intervention, either by the consumer or government and by the consumer which other alternative to they have. Another product on the agric ecommerce platform which amazes me is the cost of the banned imported rice which is almost same with our own one local produced Nigeria Rice.

As the CBN has granted 4 company to import maize and soybean will this act continue even as the “grow what you eat policy” getting out of hand

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