Nigeria, others to lead rice rebound in Africa - FAO

Coming up: Africa Food Show (#AFS2020), 24-26 June 2020, Nairobi, Kenya Book your exhibition stand now: -> http://africafoodshow.com/Dec. 2019 (Nairametrics) -- The World Food Price Index report released by the Food and Agricultural Organisation (...

Coming up: Africa Food Show (#AFS2020), 24-26 June 2020, Nairobi, Kenya 

Book your exhibition stand now: -> http://africafoodshow.com/



Dec. 2019 (Nairametrics) -- The World Food Price Index report released by the Food and Agricultural Organisation (FAO) has predicted that Nigeria, alongside Egypt and Madagascar, would lead the rebound of African rice production.


The report showed that food prices rose significantly in November, reaching the highest point in more than two years. The price increase is said to be as a result of the rise of the international prices of meat and vegetable oil as cereals price dropped.


Details of the report: World rice production is likely to reach 515 million tonnes, a mere 0.5% drop from the record set in 2018. It had an average of 177.2 points over the month, up 2.7% from October and 9.5% from the same period a year earlier.


Please read the full article here: https://nairametrics.com/2019/12/12/fao-price-index-nigeria-others-to-lead-rice-rebound-in-africa/amp/?__twitter_impression=true 

[Author:Gerard]