Commodity Name: Rice Trade
Description: This rice trade campaign focuses on the Ghana rice market. We will focus on aggregating rice from farm gate to market through our micro aggregator platform (MAP). Rice is a key staple eaten in Ghana by majority of the population. Rice is grown across the country, from Northern Ghana to Southern Ghana. 1. The market for rice importation is over $ USD 1 billion. 2. The demand for good quality rice is increasing with increasing population. 3. Currently, global demand for rice USD 287.45 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 2.2% from 2022 to 2028. https://www.grandviewresearch.com/industry-analysis/rice-market-report#:~:text=Report%20Overview,growth%20in%20the%20coming%20years. 4. The government of Ghana has made rice a priority in Ghana. https://mofa.gov.gh/site/media-centre/agricultural-articles/393-rice-production-a-priority-to-ghana
Cost per Unit: GHȼ500
Operational Charge: 0%
Estimated Revenue per Unit: 4.8% - 15.0%
Duration: 30th Nov 2023 - 30th May 2024
Business:
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