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Why Is The Price Of Rice Falling...?

1 analysed page · open on Nairaland ↗

market_access_offtakersknowledge_transferprice_volatility_timing
page 0 · 17 posts · 12 participants · discussion_qa

This thread is a debate-driven discussion where users dispute the validity of a reported drop in rice prices from 75k to 48k NGN. Participants argue over regional price variations, the impact of elections on market rumors, and the difference between local and imported rice varieties, with several users providing their own location-specific price data to counter the initial claim.

Prices: rice: NGN48000.0 (my town)rice: NGN75000.0 (my town)rice: NGN63000.0 (Ogun state)Costus rice: NGN66000.0 (Uyo)Costus rice: NGN74000.0 (Uyo)rice: NGN51000.0 (unspecified)rice: NGN80000.0 (unspecified)
Credibility signals: Factcheck0001 claims to supply rice steady and do marketing for a wifeFactcheck0001 specifies Ogun state and mentions interstate transport costsMabuggi88 mentions living near a big marketsafarifarms specifies buying a specific brand (Costus) at a specific location (Uyo)
“rice is 63k here in Ogun state”
“It's not true... Go to market and ask for First grade northern rice.. it's 48k.. Na u dey buy Thailand rice.. na u get money!”
“guy stop the lie”