• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Demand for local rice soars despite price hikes

3 years ago
in Agribusiness, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
71
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Formula 1’s Wild 2025 Season: Seat Swaps, Dramatic Comments, and Historic Podiums

Aircraft Age Not a Factor in Fatal Z-9EH Crash, Says Bright Simons; Cautions Against Rushed Military Aircraft Procurement

US Slaps Tariffs on 1-Kg, 100-Oz Gold Bars

Demand for local rice soars despite price hikes

Despite the current scarcity and hikes in the price of local rice in the Northern sector, demand for the commodity continues to soar on the market as compared to other products.

The high demand for local rice has made its trade in the northern sector a booming one, with most youths currently taking advantage of the business.

Observations by the B&FT at various processing centres in the Tamale Metropolis and Sagnerigu Municipality indicate that the region’s rainfall pattern helped the farmers to record a bumper harvest, though unavailability of combine-harvesters remains a challenge to most farmers.

Also, the cost of inputs has resulted in increments of the price – as well as for tractor services for production activities.

A rice processor, Memunatu Iddrisu – who works with Lowlandi Rice Processing Centre, told B&FT that the demand for local rice has been high due to the campaign by government and stakeholders.

“We used to sell less than ten bags a day, but the campaign and current situation have encouraged high demand so that we are able to sell more than 20 bags a day. The situation has exerted pressure on us to demand more hands in order to process the commodity,” she said.

Indeed, the Department of Agriculture and Savannah Zone Agriculture Productivity Improvement Project (SAPIP) have been engaging farmers in those municipalities, while supporting them in gaining access to finance and tractor services.

The Monitoring and Evaluation (M&E) Officer at the Department of Agriculture-Tamale, Felix Oteng Dwaah, told B&FT that the Department engaged the services of Agricultural Extension Agents in the region to assist farmers on best agronomic practices.

The hike in price

At the processing centre in Tamale, the price of an Olonka of 5kg has increased to GH¢30 from GH¢15; 12.5kg has increased to GH¢70 from GH¢40; and 25kg has increased to GH¢150/300 from GH¢100 based on the variety.

On the market, it ranges between GH¢80 to GH¢100 for 5kg and GH¢300 to GH¢400 for 25kg.

At Fumbisi in the Sandema district of the Upper East Region, a hub of rice production, 5kg of local rice goes for GH¢80 while 25kg goes for GH¢350.

Tags: Demand for local rice soars despite price hikeslocal rice
No Result
View All Result

Highlights

CDD-Ghana Mourns Victims of Military Helicopter Crash, Calls for Thorough Investigation

Tribute from CUTS International: “These Men Are Worth Our Tears”

World Bank Joins African Development Bank and Mastercard as Co-Chair of Mobilizing Access to the Digital Economy Alliance

OpenAI Launches GPT-5, Expands ChatGPT Power to 700m Users

Energy Analysts Urge Operational Efficiency as Tullow Oil Swings to $61m Loss in H1 2025

Rebased GDP and Welfare of the Average Nigerian

Trending

Features

Formula 1’s Wild 2025 Season: Seat Swaps, Dramatic Comments, and Historic Podiums

August 8, 2025

Formula 1's Wild 2025 Season: Seat Swaps, Dramatic Comments, and Historic Podiums The first half of the...

Aircraft Age Not a Factor in Fatal Z-9EH Crash, Says Bright Simons; Cautions Against Rushed Military Aircraft Procurement

August 8, 2025

US Slaps Tariffs on 1-Kg, 100-Oz Gold Bars

August 8, 2025

CDD-Ghana Mourns Victims of Military Helicopter Crash, Calls for Thorough Investigation

August 8, 2025

Tribute from CUTS International: “These Men Are Worth Our Tears”

August 8, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.