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Lagos State will hold a farmers' fair where 50kg bags of LAKE rice are sold for N20,000, a reduced price backed by state and federal government intervention. The event is scheduled for a Sunday at Ndubusi Kanu Park in Ikeja.
A government-subsidised local rice sale has little effect on global feed or grain prices.
punchng.comSamson FolarinDec 18, 2020After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% 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.
