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Right now, you can get a bag of paddy rice at ₦41,000 or ₦42,000 as against ₦45,000 for which it was being sold weeks ago.” At Larabar Tambarin Gwani Market in Dutse, the capital of Jigawa State, a bag of paddy was sold for ₦55,000 on Wednesday, April 17, down from ₦60,000 the previous weeks.
A trader at the Ambursa rice market, Abubakar Sa’adu, who spoke with the platform said that they are currently witnessing a drop in the price of paddy at various markets in the state.
Also speaking, one of the dealers in paddy rice in the state, Mallam Muhammadu Mahmud, said:“It is true that the price has come down for the past few weeks.
Another rice trader at the popular Kamba Rice Market, Suleiman Gado, said it was being speculated that the price of paddy would still drop in the next few months.
A trader, Zakari Ya’u said they sold a mudu (a local measurement) of paddy for ₦1,600, down from ₦1,700 last week, saying the reduction in the price was not only in Laraba Market, but also in other markets in Jigawa and beyond.
Farmers and dealers who spoke said the price now ranges from between ₦39,000 and ₦42,000 for a 100kg bag of paddy.
“If the Niger Republic border is opened fully for traders to bring in their paddy, this would further crash the paddy price.
But at Aljanari and Suru, the hub of rice production in the state, paddy is currently being sold for between ₦43,000 and ₦45,000, respectively.
He, however, lamented that despite the high yield in irrigation farming in the state this year, processors have mopped up the paddy rice from rural areas where the majority of farmers live..
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