Olam to scale rice production to 240,000mt yearly

In a move to achieve self sufficiency in rice production and fill the demand and supply gap, Olam farm has unveiled plans to increase its current production capacity of 120,000 to 240,000 metric tonnes by 2022.
 
While Nigeria’s rice milling capacity currently stands at five million metric tonnes, it has not been able to meet the consumption average of 6.8million metric tonnes. Although the country is said to be the largest producer of paddy (unprocessed rice), not much is being off-taken by millers.
 
However the Senior Vice President Olam Farm, Anil Nair, while hosting the Governor of Nasarawa state, Abdullahi Sule on the farm in Rukubi community, Doma Local Government Area of the state, said the ongoing expansion is expected to contribute 90,000MT of milled rice to Nigeria’s domestic market…
 
More details through:
https://guardian.ng/business-services/olam-to-scale-rice-production-to-240000mt-yearly/
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