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How mop-up by agencies, neighbouring countries pushes food prices up

Those who spoke to Daily Trust frowned at how agents of some international bodies, the Federal Ministry of Agriculture, as well as the Central Bank of Nigeria (CBN) are massively mopping up grains like maize, sorghum, millet and rice from the market. According to them, while buying grains by the government is good as it is part of national security, they said the timing is wrong because this is rainy season. Prices of food items have gone up, in most cases, beyond the reach of ordinary Nigerians, a situation stakeholders partly attribute to the activities of these merchants. Our correspondents saw a copy of a contract letter dated May 26, 2021, from the Federal Ministry of Agriculture and Rural Development titled: ‘Award of Contract for the Emergency Procurement of 4,843.16MT of Maize’, which was addressed to the Managing Director, DJG Integrated Farm Limited, No 15, Tudun Wada, Dandume, Dandume LGA, Katsina State.

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