If you are one of those who 'like wice' as one of my friend would say, then you better start stock-pilling the commodity because in the next three weeks things might take a new turn in the area of pricing. This is so because the government of Thailand, the world's largest exporter of rice, has concluded plans to pay its rice growers far above market rates in a bid to keep more of the staple food for her citizens.
This move, according to the Associated Press (AP), is expected to push up prices effective October. “Thailand's rice exporters say they will ship less overseas because they will be unable to compete with the price the government pays. That in turn will tighten the global rice market, forcing up the staple's price in other countries,” AP added.
But when will Nigeria ever become self-sufficient in food production? Benue State, is the 'food basket of the nation' a mere slogan?
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