FG SETS NEW BENCHMARK FOR RICE IMPORTATION
The Federal Government has set new benchmark price for all types and origins of imported rice for the second quarter of the year 2012.
In a statement issued by the Coordinating Minister for the Economy and Honourable Minister of Finance, Dr. Ngozi Okonjo Iweala and endorsed to the Nigeria Customs Service, she directed that the benchmark price for all consignments of rice during this period be fixed at USD 639 with a freight charge of USD 60 amounting to a total of USD 699 per metric ton.
According to her, the policy was a fall-out of the decision of an Inter-Ministerial Committee comprising Presidential Committee on Trade Malpractices (PCTM), Federal Ministry of Agriculture (FMA), Nigeria Customs Service (NCS), Federal Ministry of Trade and Investment (FMTI), Budget Office of the Federation and Rice Millers, Importers and Distributors Association of Nigeria (RIMIDAN).
She tasked all the stakeholders to enforce the new benchmark prices and ensure that strict adherence is maintained throughout the second quarter of the year.
From: PR Unit