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

Comments

Basics things to know about different types of Beans in Nigeria

Arguably, beans is the most consumed agricultural food product in Nigeria mostly especially by student in various institution. Beans has a kidney like shape, while some are spherical in shape. Beans is very nutritious and a major source of protein. It other nutrient such as Vitamin A, protein, iron, vitamin B6, vitamin E . Beans can just be boiled or cooked in making of several recipe such as Akara, Moi Moi, and soup, locally, known as “gbegeri” In a tremendous quantity, most of brown beans compared to black-eyed beans in the country are abundantly cultivated by the farmers in northern parts of Nigeria such as Borno, Gombe, Kano, Sokoto, Yobe and Zamfara State. Types of Beans grown in Nigeria People prefer eating brown beans simply because it is more nutritious and it contains high concentration of protein. But ignorance has led many people into buying poor quality and mixed beans in an open market. In an open market, different kind of beans are begin mixed together, a...

WHY LOCAL RICE (UNPOLISHED RICE) SHOULD BE MORE EXPENSIVE THAN FOREIGN RICE (POLISHED RICE)

Imported Rice Advent of imported foods into our country is quite a good thing, but of what use is it to our health when all we get is diseases and malign health conditions more prevalent to Europe and America. We have been discouraged by the whites from valuing what we have, even the brown rice, but this same rice is highly priced in America and Europe much more than their polished rice. As far as rice is concerned in Nigeria, Africa and some other countries of the world, locally grown rice popularly called “ Local Rice ” , “ Ofada Rice ” or “ Abakaliki Rice ” in Nigeria, and other names in other countries will always be considered the best as it has a lot to offer when it comes to health benefits and contains lots of un-adulterated nutrients which is good for the body and overall health. Nigerian Rice Our local rice known internationally as brown rice is loaded with powerful antioxidants which provide relief from a range of ailments such as hy...

Cause and Effect (African Agro Supply Chain)

Govt banning of foreigners from direct farm purchase AGRIC PRODUCE OVERVIEW The supply chain has been disrupted for a while now, from covid restriction, fuel, and a lot more. But today we like to highlight another two major recent ones which particularly affect the Agro supply chain and how they affect you and me. First is the wheat shortage, which is the escalating condition from the war between Russia and Ukraine, which produces 25% of the world wheat combined, before you think what about the other 75%, this is a global supply chain and those ones already have their market, and Nigeria is among the top customers of this two-nation above. Note like we always mention here things have cause and effect, especially in the Agro space, this will not just push bread up but also corn as an alternative will be affected. Second is the ban on foreigners and any of their affiliates from direct farm purchases. This may look positive in theory but with this market comes a lot of incentive for farme...

Agric eCommerce in Nigeria

Search This Blog