The Federal Government has revealed that the price of rice would start to fall from November this year.
Addressing members of the Senate Committee on Agriculture and Rural Development in Abuja yesterday, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said more Nigerians have returned to their various farms and by the next harvesting season next month, the price of rice would start to crash.
Ogbeh who also stressed that his ministry would not encourage rice importation because it would be detrimental to local production said:
We will not encourage rice importation and there is no way our ministry or government can be involved in importing rice when we are working hard to be self-sufficient in local production. By November when the full-scale harvest starts, rice prices will fall.