Rice price crashes across Lagos markets amid increased supply

Rice prices have dropped drastically in several Lagos markets due to a surge in imports through the borders easing the burden on consumers.

The development, however, has raised concern among traders over reduced profits and business sustainability.

The News Agency of Nigeria reports that a 50kg of rice in Lagos currently sells for between N55,000 and N70,000 depending on the bran

ds.

https://dailynigerian.com/rice-price-crashes-across-lagos-markets-amid-increased-supply/#google_vignette

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Battle of Dangote and Engr Farouk Ahmed

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