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AMIS Market Monitor

last release: March 2017

Policy Developments

  • On 15 February, the Ministry of Consumer Affairs, Food and Public Distribution of India announced the procurement target for the 2016-17 Rabi crop at 5 million tonnes (milled basis).
  • On 15 February, a rice cultivation project was launched in Nigeria by Dangote Rice, the largest manufacturing conglomerate in West Africa. The project aims at having 25 000 hectares of rice under cultivation across northern regions by the end of 2017. Farmers will directly receive inputs, technical assistance, equipment, extension and land preparation services. At harvest time, Dangote Rice will also purchase paddy at a specified price, based on market factors as well as consultation processes.