# Lagos holds farmers’ fair, sells rice N20,000 - Punch Newspapers

> 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.

- Date: 2020-12-18 · published 2020-12-18T12:00:00.000Z
- Category: policy · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/49718-lagos-holds-farmers-fair-sells-rice-n20-000-punch-newspapers
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A government-subsidised local rice sale has little effect on global feed or grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-02-24 | [Rice farming: Kebbi’s new goldmine - Blueprint Newspapers Limited](https://feedsoft.ai/events/11657-rice-farming-kebbi-s-new-goldmine-blueprint-newspapers-limited.md) | +2.5% | +3.3% |
| RICE | 2018-08-28 | [High rice prices a win for farmers – Piñol](https://feedsoft.ai/events/63601-high-rice-prices-a-win-for-farmers-pinol.md) | +3.2% | -6.0% |
| RICE | 2016-11-02 | [Thailand offers $1.29 bln loan to struggling jasmine rice farmers - Stabroek News](https://feedsoft.ai/events/73924-thailand-offers-1-29-bln-loan-to-struggling-jasmine-rice-farmers-stabroek-news.md) | -0.9% | +1.2% |
| RICE | 2018-10-10 | [NFA sets just 4 labels for rice \| GMA News Online](https://feedsoft.ai/events/62619-nfa-sets-just-4-labels-for-rice-gma-news-online.md) | -0.6% | -2.7% |
| RICE | 2019-04-04 | [Farmer-millers: Is P10-B fund misused under rice tariff law?](https://feedsoft.ai/events/59671-farmer-millers-is-p10-b-fund-misused-under-rice-tariff-law.md) | -4.1% | -2.4% |

## Sources

- punchng.com: https://punchng.com/lagos-holds-farmers-fair-sells-rice-n20000/

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