# Rice producing states seek buyers, millers - Businessday NG

> Rice-producing states in Nigeria report unsold paddy and milled rice because few buyers or millers are available. Local rice prices are falling, with a bushel in Ebonyi selling for N5,000 compared with N9,000 three years ago. Off-taker arrangements remain a constraint.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: market · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/59175-rice-producing-states-seek-buyers-millers-businessday-ng
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Oversupply in Nigeria's rural rice markets is a local issue with negligible effect on global rice or feed grain prices.

## Sources

- businessday.ng: https://businessday.ng/agriculture/article/rice-producing-states-seek-buyers-millers/

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