# Importers to pay N300b freight rates on foreign rice to Nigeria, others | The Nation

> Nigerian and West African importers are expected to pay about N300 billion in freight to shipping lines by year-end for foreign rice, with contracts from Thailand and other Asian origins. Shipping lines had imposed $150 per tonne surcharges in October due to container scarcity, and the shift to bulk shipping is affecting import costs.

- Date: 2021-12-06 · published 2021-12-06T12:00:00.000Z
- Category: logistics · region West Africa · magnitude low
- Page: https://feedsoft.ai/events/43667-importers-to-pay-n300b-freight-rates-on-foreign-rice-to-nigeria-others-the
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Container scarcity and freight surcharges raise landed rice costs in West Africa, which can support Asian export differentials even as origin prices are soft. The effect is mainly on delivered cost rather than FOB prices.

## Read by commodity

- RICE: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-01-14 | [Port helps local rice producers deliver to international markets \| American Press](https://feedsoft.ai/events/43223-port-helps-local-rice-producers-deliver-to-international-markets-american-press.md) | +5.6% | +8.1% |
| RICE | 2020-03-19 | [Rice price stabilised thanks to increase in supply, federation says \| Vietstock](https://feedsoft.ai/events/7424-rice-price-stabilised-thanks-to-increase-in-supply-federation-says-vietstock.md) | -4.7% | +0.2% |
| RICE | 2019-07-29 | [More rice mills stop operations \| Philstar.com](https://feedsoft.ai/events/58170-more-rice-mills-stop-operations-philstar-com.md) | -4.0% | -10.0% |
| RICE | 2020-05-09 | [Rice exports to Bangladesh via West Bengal likely to begin soon \| The Business Standard](https://feedsoft.ai/events/53103-rice-exports-to-bangladesh-via-west-bengal-likely-to-begin-soon-the-business.md) | -4.1% | +14.2% |
| RICE | 2021-07-15 | [Rice sector revisits tactics as exports hit \| The Phnom Penh Post](https://feedsoft.ai/events/46157-rice-sector-revisits-tactics-as-exports-hit-the-phnom-penh-post.md) | +3.7% | +4.7% |

## Sources

- thenationonlineng.net: https://thenationonlineng.net/importers-to-pay-n300b-freight-rates-on-foreign-rice-to-nigeria-others/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.