In many rural economies, rice cultivation is connected directly to livelihoods, making a dependency on price balance.
Weather Vulnerabilities: Weather conditions patterns and local weather modify directly impact rice yields, affecting its availability during the market.
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A 50kg bag of rice has dropped from N80,000 to N58,000 due to the inflow in the commodity to neighbouring Benin Republic, from the place it enters Nigeria. Platts, Element of S&P Global Commodity, reports the influx of reduce-priced rice from India has filled warehouses to ability in Benin, In keeping with market participants.
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Rice importers in West Africa have minimized buys on account of lower demand and price instability, compounded by an oversupply in early 2025. The depreciation in the CFA franc and a backlog at ports have worsened your situation.
Crop rotation and intercropping: Diversifying crops can improve soil wellbeing and lessen the risk of complete crop failure because of pests or Intense weather.
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