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USDA lowers 2017-18 global rice supply forecast

Kohinoor Foods Ltd introduces organic products range ‘Green Grown’

GI Tag Battle: Sweet Success

IRAN | Temporary Ban on Rice Imports Removed

Govt to import 100,000 tons of parboiled rice

November 22, 2017Evelyn Okakwu Bags of rice Bags of rice Related News Nigeria to procure 40 rice mills How Michael Aondoakaa’s rice business attracted America’s attention Group petitions EFCC over N117‎ billion rice importation fraud Dangote to employ several graduates in new rice farming initiative Lagos govt to upscale Imota rice milling plant from 2.5 to 16 metric tonnes per hour The Nigerian government has restated its earlier claim that the administration will soon attain its goal of self-sufficiency in rice production for the country, come 2018. The Information Minister, Lai Mohammed, said this in a press conference in Abuja while briefing journalists on the administration’s growing achievements to revamp the economy. According to Mr. Mohammed, Nigeria is inching closer to self-sufficiency in rice production, due to the successes recorded in the local production of rice. Mr. Muhammed cited a report by a Thai rice export association to support his claim. “In fact, the Thailand Rice Exporters Association has recently revealed that within a spate of just two years – from September 2015 to September 2017 – Nigeria’s rice importation dropped from 644,131 Metric Tonnes to just about 21,000MT. “There is more good news to report: As a result of this administration’s success in local production, some investors from Thailand have shown interest in establishing rice milling plants in Nigeria, and this is sure to further boost rice production in Nigeria. “The increased rice production has, in turn, led to the establishment of rice mills, including the 120,000MT WACOT Mill in Kebbi and the 1,000,000MT Dangote Rice Mill,” Mr. Mohammed said. Mr. Mohammed added that Nigeria targets the production of seven million metric tons of rice in 2018. “So what does the increased production of rice portend for the country? It means, as I said earlier, that Nigeria is very close to achieving self-sufficiency in rice. By 2018, the administration targets rice production of 7 million MT. As at 2015, rice demand in Nigeria stood at 6.3 million MT,” he added. Data obtained by PREMIUM TIMES however indicate that Nigeria imported 2.330 million metric tons of rice in 2015 and 2016. The data provided by the global Agricultural Market Information System, AMIS further indicate that Nigeria’s rice importation reduced to 2.310 million metric tons within the period of 2016 to 2017. According to the data, Nigeria’s domestic supply of rice stood at 3.850 million metric tons in 2015 to 2016, while the figure reduced to 3.620 million metric tons within the period of 2016 to 2017. The data also indicated that Nigeria’s domestic consumption of rice, stood at 5. 530 million metric tons of rice between 2015 and 2017. The data provided by AMIS also forecast Nigeria’s rice importation, as expected in 2018 adding that it would rise from 2.310 million metric tons in 2017, to 2.830 million metric tons in 2018. WhatsAppFacebook103TwitterEmailLinkedIn1PrintTelegramGoogleSkypeMore DOWNLOAD THE PREMIUM TIMES MOBILE APP Now available on Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application TEXT AD:DIABETES Is CURABLE! Don’t Let It Threaten You! To NORMALIZE Your Blood Sugar In 21Days For Life, Click Here!!!. All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES. 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Nigerian senators debate state policing, lament security situation Top News Omoyele Sowore Journalists, CSOs criticise Saraki’s court order freezing Sahara Reporters’ bank accounts Bags of rice Nigeria will attain self-sufficiency in rice production in 2018, Lai Mohammed says osibanjo 2019: Stop lamenting, join political parties, Osinbajo urges Nigerian youth Search Our Stories Custom Search search NYSC Advert Paradise Papers Advert A new leak: Paradise Papers Paradise Papers: Secrets of the Global Elite AGRIC-PLAN Advert STONEHEDGE advert Buhari scorecard advert NCC advert AUN_ advert Health Tracker advert SHELL PEOPLERECENTPOPULAR Most Discussed Buhari has to be called to order, no one is in charge of this govt, Senator says 115 comments · 3 hours ago Nigerian Army orders all personnel to learn Hausa, Igbo, Yoruba before 2019 59 comments · 5 hours ago 2019: 34 Governors support Buhari for second term – Okorocha 76 comments · 2 hours ago Journalists, CSOs criticise Saraki’s court order freezing Sahara Reporters’ bank accounts 5 comments · 1 hour ago 2019: Stop lamenting, join political parties, Osinbajo urges Nigerian youth 8 comments · 4 hours ago AUN Factsheet Buhari advert GTBank advert SHELL FIRS VAT Osun state FRSC Speed Limit Download PT Android App PT Shortcodes Podcasts Immigration Advert  Classified Ads Classified Advert Our Digital Network Election Centre Human Trafficking Investigation Centre for Investigative Journalism National Conference About Us Advert Rates Our Reporters/Writers Contact Us Projects AGAHRIN Parliament Watch Resources List of Universities in Nigeria List of Federal Unity Colleges in Nigeria All content is Copyrighted © 2017 The Premium Times, Nigeria. click here to close :) Share to Facebook , Number of shares105 Share to Twitter Share to Email Share to Pinterest , Number of shares More AddThis Share options , Number of shares Hide

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