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Wednesday , 12 December 2018

Thailand Rice Importation Lies From Audu Ogbe, + How  Nigeria Moved to 2nd Highest Rice Importer In the World in 2017. 

The media is awash with the baseless lies from Audu Ogbe, Nigerian Agriculture Minister, that Thailand Rice sales dropped because Nigerians are Producing their Own Rice. NOTE:-
1] This news is an unfounded lie as Nigeria in 2017 is the 2nd highest Importer of Rice in the world from 10th in 2014.
2] Nigeria Imported 3 million Metric Tonnes (mt) of Rice in 2017, double the figure imported by the whole of European Union.
3] If Nigeria produces enough rice the price should have crashed below N7,400 it was in May 2015.
4] Nigerian Importers are buying from Vietnam which has a lower grade Rice because of Fall in Naira Value. In 2017, Nigeria imported 1.5m mt out their 1.9m mt imports.
5] Thailand did not complain about Nigeria, but Audu Ogbe like other Nigerian Ministers fabricated that story. He refused to tell Nigerians that our Import from Vietnam jumped to 63%.
6] Audu Ogbe’s lies does not reflect the situation in Nigeria or the International record of Rice Export and Import data for 2017.
7] Thailand Had a Flooding in 2017 and that has a slight drop  (3%-4%) in their production in and their production has stabilized in las few months.

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