Price of de-stoned local rice drops

The price of de-stoned local rice has dropped marginally by between six and 10 per cent in Enugu markets, causing many residents to shift patronage to the brand. I’m

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The price of de-stoned local rice has dropped marginally by between six and 10 per cent in Enugu markets, causing many residents to shift patronage to the brand.

The dealers in the commodity attributed the development to the harvest season for local rice.

A trader at the popular Ogbete Main Market, Mrs Rose Nwakwo, said that a 50-kg bag now goes for ₦78,000 as against ₦84,000 in November.

Another dealer at Garki Market, Enugu, Mr Chidi Orji, said that a five litre paint container goes for ₦6,500 as against ₦7,500.

Orji urged the residents to buy as much as they could before the price would shoot up again.

Most rice retailers and hawkers, who sell in cups and bushels, are currently stockpiling the commodity.