Tridge summary
The US Department of Agriculture forecasts a rice demand of 15.7 million tonnes in Africa, with Nigeria being the top market due to its high consumption. Despite accounting for only 57% of the country's rice consumption, Nigeria faces a supply deficit of three million metric tonnes. The Nigerian government is taking steps to boost rice production and improve quality, including providing farm inputs, modern rice milling machines, and modern production and processing technologies. The government's efforts, in collaboration with international agencies, aim to achieve self-sufficiency in rice production and improve living standards. The release of the high-yielding hybrid rice variety ISRIZ-9 in Senegal is a significant step towards rice transformation in sub-Saharan Africa, funded by the African Development Bank's Rice Compact project.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rice is one of the most important staple food crops and an important source of income for the farmers. The United States (US) Department of Agriculture says Africa’s rice demand for the produce may hit 15.7 million tonnes. There are efforts to strengthen Nigeria’s rice sector by helping to add to the supply chain, with key interventions at the farming, milling and distribution stages, writes DANIEL ESSIET. Rice is the most popular staple food for more than half the world’s population. In Africa alone, the United States (US) Department of Agriculture estimated that rice demand this year stands at 15. 7million tonnes. Nigeria is a top market for rice. KPMG’s Rice Industry Review last October stated that only 57 per cent of the 6.7 million metric tonnes of rice consumed in Nigeria yearly is locally produced, leading to a supply deficit of about three million metric tonnes. Leading professional services firm, PwC Nigeria said Nigeria’s rice statistics suggest there is an enormous ...
Source: Thenationonlineng
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.