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Large-scale Nigerian rice millers are running well below capacity because paddy supply is short. The article links the shortage to defaults and prosecutions under the RIFAN-CBN Anchor Borrowers Programme, which provides inputs and loans to rice farmers.
It says this threatens the country's rice self-sufficiency goal.
Domestic paddy shortages keep Nigerian rice output and milling capacity low, which increases reliance on imports. This supports demand for imported rice in West Africa.
economicconfidential.comRahma OladosuApr 15, 2021After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
