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No more N60k: Rice prices crash as 50kg bag sells for N48,000, local millers count losses

Rice prices have dropped to N48,000 per 50kg bag, benefiting consumers but threatening local farmers as cheap imports flood the market and production costs rise.
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© DRThe SEMRY announced on 06 August 2026 a fall in the prices of its rice in Maroua. The 25 kg luxury bag increases from 13,000 CFA francs to 10,500 CFA francs that of 50 kg merchant from 21,000 CFA francs to 16,000 CFA francs. The aim is to accompany the households and prepare the school year. A boost to the purchasing power in the Far North. Faced with the expensive life, the SOCIETE D'EXPANSION ET DE MODERNISATION DE LA RIZICULTURE DE YAGOUA…

·Cameroon
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Legit.ng - Nigeria news. broke the news in Ikeja, Nigeria on Monday, August 10, 2026.
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