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Nairaland Forum / Nairaland / General / Business / Rice: Thai Merchants Slam $300m Rates On Nigerian Importers (22258 Views)
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Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by money121(m): 11:07am On Oct 18, 2021 |
Ok |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by nautybride: 11:07am On Oct 18, 2021 |
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Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by ArcSEMPECJ(m): 11:07am On Oct 18, 2021 |
What's so special about foreign rice that our own rice farmers can't be equiped with to give the same quality ![]() Or are they of different species? Can't those ones grow favourably in Nigeria ![]() Do those countries buy our own rice as well? We claim we are independent but our brains and main power are still not independent of a neighbouring environment..... Our Government is busy chasing clowns and shadows . My Signature.....my hobby...... Check my signature for your building Designs and Constructions..... 2 Likes |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by einsteine(m): 11:08am On Oct 18, 2021 |
Mrsoft3: If other countries do that too, we will be even poorer. You people forget Nigeria also exports things. All these economic patriotism that ignores the fact that one, Nigeria's rice can't compete in terms of quality. The Asian countries have a significant advantage in the production of rice. Two, by forcing Nigerians to eat local rice and subsidizing rice farmers with cheap loans and tariffs on their competitors (rice importers), you kill the incentive for improvement in quality. Rice farmers have enjoyed a boom under Buhari but that has not translated to any improvement in quality or even in the quantity they produced. They have also not proven to be cost effective because even after all the massive tariffs or cost of smuggling, foreign rice is only marginally more expensive than local rice. If the resources expended on local rice farming were placed on cassava, oil palm or even groundnut where Nigeria has a better comparative advantage compared to almost any country in the world, we would be able to get enough revenue that our rice imports wouldn't matter so much. 10 Likes 2 Shares |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by einsteine(m): 11:10am On Oct 18, 2021 |
ArcSEMPECJ: Like other countries don't buy stuff from us. No country is completely sufficient. The biggest exporters in the world are also the biggest importers in the world. Trade is a two way process. Countries should focus on things they can do well. From now till twenty years time, Nigeria would never meet up with India, Thailand or China when it comes to Rice. They have been farming rice since 19 gbidi gbidi no date with extremely low cost methods compared to Nigeria. 7 Likes |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by jchioma: 11:11am On Oct 18, 2021 |
The costs will be transferred to the final consumers. That's how it works. Expect the price of rice to rise astronomically this Christmas season. 1 Like |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by calcal: 11:15am On Oct 18, 2021 |
How long will take the zoo to plant rice? |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by NaijaSumi: 11:16am On Oct 18, 2021 |
I blame Mr Buhari and his minister for this nonsense we are about experiencing as it concerns rice If the president is not capable to do the job, he should please resign. He sits there and yet so much hardship on the masses... Who does that? Old age no be sense at all 1 Like |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Nobody: 11:17am On Oct 18, 2021 |
Mrsoft3:for this to happen we need remodel reformed local Rice that is cheap to afford 2 Likes |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by einsteine(m): 11:18am On Oct 18, 2021 |
Ayomi90: Nigeria can never be sufficient in rice production. Believe the FG propaganda at your own peril. Not in quantity, definitely not in quality can Nigeria meet up. By the way, Fulani herdsmen did not chase rice farmers. An overwhelming majority of rice farmers are in the North West which is another reason (ethnic undertone) for the FG's support of rice farming. My advice to the rice farmers is that they should better save their windfall because one day, a pharaoh would come and he would not remember Joseph. 3 Likes |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by erico2k2(m): 11:20am On Oct 18, 2021 |
Islie:So we import rice right ![]() ![]() ![]() |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by erico2k2(m): 11:21am On Oct 18, 2021 |
jchioma:Make we all chop local rice end of story if U bite stone you bite stone ![]() ![]() ![]() 2 Likes |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Blue3k(m): 11:22am On Oct 18, 2021 |
ArcSEMPECJ: Bluffly: einsteine: I'll give you guys a few hints. Ask yourself what percentage of farming is mechanized, how much of farming subsistence farming, how does the land use act effect farmers ability to borrow? These factors effect rise production. I could go but I already have threads I talked to boredom about the topic.
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Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by nike4love: 11:30am On Oct 18, 2021 |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by grandstar(m): 11:42am On Oct 18, 2021 |
Mrsoft3: The prime reason why we import rice is that we have no comparative advantage in rice production. They can easily be imported from countries that have that comparative advantage which means it will be cheaper than the locally produced. . That's why there's lots of smuggling of it into the country. Nigeria too should focus on areas it has comparative advantage. 2 Likes 1 Share |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by dvkot(m): 11:42am On Oct 18, 2021 |
dandig:local rice is not sufficient yet, banning importation of foreign rice would like to scarcity with which would eventually increase the price of local rice |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Bluffly: 11:46am On Oct 18, 2021 |
Blue3k: It is not about itemizing the hurdles but resolving the issues to making achievements realistic. Thailand solved theirs not that they lived with it, we can solve ours as well 1 Like |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Realdeals(m): 11:49am On Oct 18, 2021 |
Contentment is very important, most Nigerians however lacks it. I'll vote for Nigeria made Rice anytime. |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by NinjaXmetahuman: 11:51am On Oct 18, 2021 |
Mrsoft3:and what happened to the local beans we eat? Is it not twice the price of rice now? Problem is not eating it, problem is price. Local food are more expensive than imported ones. Just imagine that. They need to ban exportation of food in the name of "earning forex" first, before anything else. |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Epeegee(m): 11:54am On Oct 18, 2021 |
You be bad man |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by NinjaXmetahuman: 11:55am On Oct 18, 2021 |
einsteine:smart. |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Mrsoft3(m): 12:00pm On Oct 18, 2021 |
NinjaXmetahuman: Let me enlightened you on this quickly See the north east states Maiduguri,yobe Adamawa Bauchi are the largest producers of beans in Nigeria, it is a sad thing the insurgency that has affected this regions,farmers died,some where displaced and now staying in idps, the others remaining are scared of going to farm. The Nigeria population is increasing everyday with no sustainable development or plan to ensure safety and good health. Initially even with this states we still didn't meet up with production, in the space of 10 years the price of beans has increased dramatically and it all point out to the low supply and high demand. Now fast forward to our present day, the north west and central are being ravage by bandits and herdsmen. Many where killed,many are being displaced. The rest put of fear won't go to farm. Many are being maimed and hands cut off this is the present situation up north, we are now left with lesser supply in the market, I tell you the level of food scarcity this country will face next year eyes has not seen neither has ear heard. It is true naira fell furthermore to the dollars and cost of import goods increase, I wonder why Nigeria still imports fertilizer, aside that we don't even have the larger number of farmers going to farm, rain and climate change affected alot of harvest in the country...hike in price is inevitable,the risk of transporting grains in Nigeria has trippled, we must eat. What are we going to do |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by openmine(m): 12:02pm On Oct 18, 2021 |
Kondomatic:Exactly! Nigeria's lack of constant power supply,high transport cost and insecurity have ensured that no matter what is produced locally,the cost of the products will always remain high! 2 Likes 1 Share |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Blue3k(m): 12:03pm On Oct 18, 2021 |
Bluffly: You can't solve a problem you don't understand. Even your government now see that the lack of mechanized farming is the problem now. Farmers can't borrow because they poor and can't use land as collateral for said money. Governments can incentive importing farm equipment or manufacturing by making it easy to do so. If Nigeria has the same yield per acre as India the price would come down naturally and imports would decrease.
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Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Angrygoat: 12:08pm On Oct 18, 2021 |
Time to quickly rush two bags b4 price go up. December is here. Rice has become gold and the new bitcoin in nigeria. |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by SarkinYarki: 12:10pm On Oct 18, 2021 |
erniok: Local rice is even more expensive because it's healthier |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by abbatoir(m): 12:11pm On Oct 18, 2021 |
Mrsoft3: the last question... |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by openmine(m): 12:18pm On Oct 18, 2021 |
If the country doesn't fix the epileptic power supply,multiple taxations,high cost of transportation and insecurity,the production cost of any locally made commodity will always keep rising! |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by sulaak(m): 12:22pm On Oct 18, 2021 |
Mrsoft3: You can't eat what you don't produce. The country is not producing enough agriculture produce due to insecurity and logistic problems |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by tctrills: 12:24pm On Oct 18, 2021 |
We are importing 2 million tonnes. That is 40 million bags of rice. at N20,000 that is N800 billion or about 2 billion dollars. Within the last 8 years, both federal and state governments have budgeted more than this on rice cultivation. 2 Likes 1 Share |
Re: Rice: Thai Merchants Slam $300m Rates On Nigerian Importers by Nobody: 12:27pm On Oct 18, 2021 |
failed government |
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