Rice Processors Slash Price To N19,000 Per Bag - Food

Rice Processors Slash Price To N19,000 Per Bag - Food - Nairaland

Nairaland Forum › Nairaland General › Food › Rice Processors Slash Price To N19,000 Per Bag (56680 Views)

Rice Processors Slash Price To N19,000 Per Bag by Islie(op): 12:07pm On Dec 02, 2020

The Rice Processors Association of Nigeria, RIPAN, has agreed to slash the price of 50kg bag of processed rice to N19,000 effective December 14, 2020.

DAILY NIGERIAN gathered the current market price ranges from N28,000 to N30,000 per bag.

The decision is coming after hike in rice prices occasioned by hoarding and closure of the nation’s land borders by the Buhari administration towards boosting self-sufficiency.

Since the ban on rice import, some persons have been engaging in buying and storing the paddy, making huge profits.

Worried by the rising prices, the RIPAN in collaboration with the Central Bank of Nigeria, CBN, on Tuesday set up task force headed by the Managing Director of Tiamin Rice, Aminu Ahmed, to monitor and ensure compliance with the new price regime.

In an interview with DAILY NIGERIAN after the meeting, Mr Ahmed said RIPAN has agreed to peg the price at N19,000 in order to support the federal government in its efforts to ease hardship in the country.

He said the rice processors have also pegged the price of paddy at N160 per kg or N160,000 to 165,000 per tonne. According to him, once the prices of paddy crash, the price of processed rice would also crash.

https://dailynigerian.com/hoarders-trouble-nigerian-rice/

41 Likes 4 Shares

Re: Rice Processors Slash Price To N19,000 Per Bag by phrancys001(m): 12:10pm On Dec 02, 2020

Story

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Re: Rice Processors Slash Price To N19,000 Per Bag by Nobody: 12:15pm On Dec 02, 2020*

.. This news is worse than the death penalty to wailers..

Watch them invade this thread with: "it's a lie!", "lie Mohammed", "propaganda!", "story", etc..

Trust me, these wailers are not just pathetic, they're evil. Yesterday made me realize this truth.. I was having a discussion with one of my neighbors, Nnamdi, yesterday when he told me something that shocked me so greatly. He said that if God should ask him to kill his father, mother, brothers and sisters as the only condition to make President Buhari to resign, that he would accept. I asked him why, he said because Buhari is a devoted Muslim and he doesn't like him naturally.

Of course, his reasons were nonsense to warrant such a deathly and heartless fate for his own family. Guys, that was why I ended our relationship cos he might murder me one day for having a different opinion.

I just hope our Nairaland Buhari's haters are not like that else, e no go good.. May God help us all.

91 Likes 13 Shares

Re: Rice Processors Slash Price To N19,000 Per Bag by robosky02(m): 12:27pm On Dec 02, 2020

Omo rice don't done for Christmas ....

But shame to some few individuals exploiting fellow Nigerians and blaming government

148 Likes 4 Shares

Re: Rice Processors Slash Price To N19,000 Per Bag by siraj1402(m): 12:27pm On Dec 02, 2020

Good.
Why are we making life so unbearable for ourselves? I bought a bag of rice at Owode-Idiroko at N13,500.
Anything coming from the north will be so cheap there while costly when it comes to the south and anything produced here is always costly as well.

164 Likes 3 Shares

Re: Rice Processors Slash Price To N19,000 Per Bag by Ayandokun2000: 12:27pm On Dec 02, 2020

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Re: Rice Processors Slash Price To N19,000 Per Bag by billionman: 12:28pm On Dec 02, 2020

If we can get quality rice for the 19k, it will be highly commendable. But if it is low quality rice,
I'd prefer getting the high quality brands at a higher price.

43 Likes 2 Shares

Re: Rice Processors Slash Price To N19,000 Per Bag by Tocynone(m): 12:28pm On Dec 02, 2020

U mean stone rice?
The question should be, why are people going for imported rice instead of the local despite the high price

47 Likes 1 Share

Re: Rice Processors Slash Price To N19,000 Per Bag by Achor1111(m): 12:28pm On Dec 02, 2020

Goodnews, if implemented.

9 Likes 2 Shares

Re: Rice Processors Slash Price To N19,000 Per Bag by Lisaint(m): 12:28pm On Dec 02, 2020

Rice processors

1 Like

Re: Rice Processors Slash Price To N19,000 Per Bag by stonemind(f): 12:28pm On Dec 02, 2020

so what do you now want me to do now?

3 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by drezzyx(m): 12:28pm On Dec 02, 2020

Audio.

Even the country is a scam....

24 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by nurez305(m): 12:28pm On Dec 02, 2020

Scam

4 Likes 1 Share

Re: Rice Processors Slash Price To N19,000 Per Bag by igwedubai2(m): 12:28pm On Dec 02, 2020

Sit down look!!! Good idea undecided

1 Like

Re: Rice Processors Slash Price To N19,000 Per Bag by kaymart: 12:29pm On Dec 02, 2020

Anything about Nigeria FG news, the reverse is always the truth.

16 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by roldet804(m): 12:29pm On Dec 02, 2020*

Good news to some and bad news to some
Anyway stone rice I sweeter than the normal rice

Erm any news for onions

Pls no one should quote me
I'm having chest pain all over my body

Don't forget to hit like if you're addicted to nairaland.

9 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by Nobody: 12:29pm On Dec 02, 2020

Eeiyaa contrary to their expectations. This can be very painful though.

What a huge loss.

3 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by 1x2x3: 12:29pm On Dec 02, 2020

SilverNorGold:
.. This news is worse than the death penalty to wailers..

You are still using the word wailers even while you are suffering untold hardship. Won't the wailers be happy to buy the rice cheap?

103 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by Samsimple(m): 12:29pm On Dec 02, 2020

No be bad news.. it's a good start. Please something should be done about tomato paste.

7 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by princeade86(m): 12:29pm On Dec 02, 2020

wow.

1 Like

Re: Rice Processors Slash Price To N19,000 Per Bag by Asadujames202(m): 12:29pm On Dec 02, 2020

He's hiding in Aso Rock

He is the chief terrorist

Can someone remind me his name?

5 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by Gabbriell: 12:29pm On Dec 02, 2020

Wahala be like bicycle

8 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by mainkendo: 12:29pm On Dec 02, 2020

1 Like

Re: Rice Processors Slash Price To N19,000 Per Bag by Nobody: 12:29pm On Dec 02, 2020*

lol, very funny

5 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by Tunasco4u(m): 12:29pm On Dec 02, 2020

2 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by Kingpele(m): 12:29pm On Dec 02, 2020

Good one, this will definitely reduce the price of rice and in turn reduce hardship many are going through in this country if well implemented.... lemme wait first....

2 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by Sabadon(m): 12:29pm On Dec 02, 2020

This govt don too do us sotay we no dey rejoice for good news cos las las e fit still be audio

20 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by spy24(m): 12:29pm On Dec 02, 2020

I hope this is true

1 Like

Re: Rice Processors Slash Price To N19,000 Per Bag by opius: 12:29pm On Dec 02, 2020

As if I care.....useless people

1 Like

Re: Rice Processors Slash Price To N19,000 Per Bag by LandMann: 12:29pm On Dec 02, 2020

Dem wan begin fix price of rice like price of cement

3 Likes

Re: Rice Processors Slash Price To N19,000 Per Bag by Sigoal(m): 12:30pm On Dec 02, 2020

Don't confuse people. Just say "Local Rice"

3 Likes

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