The cost of rice is skyrocketing in Nigeria, and farmers can't keep up - Business Insider

Farmers are whacking at these giant piles of stalks for little tiny grains of rice.Since the Nigerian government shut its borders to rice imports, it's these farmers who have had to bear the burden of producing enough of the crop to feed the country.A 50-kilogram bag of rice costs nearly double what it did last July, before the borders were closed.Getty Images"Based on my budget of what I came to the market with, I couldn't afford it, so I have to buy in small quantity.

But after global oil prices plummeted in 2014, the government began to rethink its dependence on the resource and started investing in rice — a staple food consumed acrossIn August 2019, the country closed its land borders to boost local production and stop the inflow of foreign rice. Domestic output has gone up, but it hasn't come close to making up for the loss from imports.

"We don't have tractor, we have not been accessing fertilizer, we have not been accessing chemicals and all that. Even the harvester. We have not been accessing any, so our production is very low." While these farmers have made a little more money than usual, it hasn't been enough to purchase machines that could foster large-scale production.

Government policy always fucks things up. In every country everywhere. If people don’t have the money or brains to navigate the issues or be successful on their own they are in trouble.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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