Following the Federal Government's ban on rice importation through the land borders, local rice mill operators are finding it hard to adapt to the interest for the commodity from dealers.
Only Umza Rice, the biggest local rice mill in Nigeria, which is situated in Kano, is as of
now supplying most markets in the nation.
Numerous dealers expressed anger regarding depositing cash to the company for quite a long time without getting any supply.
Consumption of rice in Nigeria is put at more than six million metric tons per annum. Local production is around 2.8 million metric tons while imports represent 2.5 million metric tons.
Local production as of late dropped from 2.835 million metric tons to around 2.701 million metric tons, as per information from the United States Department of Agriculture.
The USDA anticipated that local rice production would hit 2.730 million metric tons by December 2017. Imports are additionally anticipated that would fall by 400,000 metric tons to 2.1 metric tons by 2017.
A major rice distributor in Lagos, Mrs. Olufunke Coker, said she had paid for the 10 trailers of rice for as long as one month yet she could just get two trailers.
Umza was said to be so overwhelmed with orders that the administration of the company had depended on dismissing fresh orders from individuals requiring the product.
In spite of the fact that importation of rice is permitted through the seaports, importers said they were required to source for forex from the parallel market at the conversion scale of over N400 to one dollar to bring the item into the nation.
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