Rice Price Allegedly About To Crash Because Of Plenty Rain

Rice farmers, millers and processors have reportedly announced that the price of a 50kg bag of rice will fall to as low as N6,000 in the next few months. According to them, the current market price of rice, which is about N15,000 per 50kg bag, will drop to between N6,000 and N7,000 in a couple of months, going by the bumper wet season harvest by rice farmers. This is great News indeed via IFTTT