The price of rice is projected to decline by 11 percent in 2025/2026 owing to favourable weather conditions and increased production.
In its 2025 annual commodities review and outlook report, AFEX, a commodity exchange platform, notes that the projection is based on favourable weather conditions,
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Feyishola Jaiyesimi
Feyishola Jaiyesimi is a journalist at BusinessDay Media with over two years reporting experience. She began her journalism career as an agricultural reporter and now covers the energy sector, including oil, gas, electricity, environment, and renewables. She has been selected for professional training by the US Consulate, Lagos. She is a 2025 Dataphyte Biodiversity Reporting Fellow. Feyishola holds a bachelor’s degree in Zoology and Environmental Biology from Ekiti State University.
