Current Prices of Foreign and Local Rice in Nigeria

Rice is a staple food in Nigeria, and its price is influenced by various factors such as production costs, supply chain inefficiencies, and government policies. Many families see rice as one of the most delicious meals, thereby making them buy rice often. Rice is seen as a ceremonial food that is used to serve visitors at parties and ceremonies.

As of June 2023, the average price of a 50kg bag of Nigerian rice is about ₦50,000, while the average price of a 25kg bag is about ₦25,000. The price can vary depending on the brand and market location. Some popular rice brands in Nigeria include Royal Stallion, Cap Rice, Uncle Ben’s Rice, and Mama’s Pride, among others.

Additionally, the price of rice in Nigeria is also affected by supply and demand factors, as well as socio-economic conditions such as income levels, poverty, and food security.  What is the current price of rice in Nigeria? This article has the answer. It will unveil the current price of rice in Nigeria including other relevant information.

Current Price of Rice in Nigeria

The current price of rice in Nigeria varies depending on the location and the type of rice. For instance, imported rice is still increasing rapidly in Nigeria, leading to higher prices on the market compared to local rice.

Below are the current price of the rice in Nigeria:

• Rice (50kg bag) is sold at the rate of ₦42,000 – ₦45,000 in Lagos.
• Rice (50kg bag) price in Ilorin, Kwara State is sold between ₦42,000 – ₦45,000.
• Rice (50kg bag) price is sold at  ₦42,000 – ₦46,000 in Port Harcourt, Rivers State.
• Rice (50kg bag) price in Abuja is sold at ₦40,000 – ₦45,000.
• Rice (50kg bag) price in Ibadan, Oyo State costs ₦41,000 – ₦45,500.
• Rice (50kg bag) price in Jos, Plateau State is ₦41,500 – ₦45,000.
• Rice (25kg bag) price in Sokoto, Sokoto State is sold at ₦20,500 – ₦22,500.
• Rice (25kg bag) price in Lagos is ₦21,000 – ₦23,000.
• Rice (100kg bag) price in Sokoto, Sokoto State is sold at ₦80,000 – ₦86,000.

Most popular rice varieties in Nigeria

Rice has assorted varieties. You purchase them based on your choice and your capital as well.

They are as follows:

1. Faro 44 (SIPI)

This is one of the most widely spread rice varieties in Nigeria, known for its high yield and good milling quality. It is suitable for cultivation twice or more in a year under irrigation farming, depending on the temperature and soil fertility. Faro 44 is characterized by early maturity, increased output, tolerance to various stresses, pests, and diseases, blast resistance, and long grains. In Faro, there are different numbers and these make them unique from others such as Faro 52, Faro 61, Faro 59, etc.

2. Ofada or Brown Rice

This is a locally produced rice in South-west Nigeria, known for its nutritional benefits. It contains antioxidants, vitamins A, C, E, magnesium, phosphorus, zinc, and folate. Ofada rice is relatively easy to produce and is grown for sale and home consumption. It has become part of the everyday diet of many in Nigeria.

3. Other Varieties

 There are over 120,000 varieties of rice grown worldwide, and Nigeria cultivates a wide range of traditional and newly introduced rice varieties. Some of the traditional varieties include African rice (Oryza glaberrima) and Asian rice (Oryza sativa), while newly introduced hybrid rice varieties are also being cultivated in Nigeria.

TOP 10 RICE BRANDS IN NIGERIA AND THEIR PRICES

The following list includes the  top 10 best rice brands in Nigeria and their prices:

• Basmati rice is = ₦39,000 — ₦58,000.
• Falcon rice is = ₦39,000 — ₦47,000.
• Royal Stallion rice is = ₦35,000 — ₦49,000.
• Mama Gold rice is = ₦35,000 — ₦46,000.
• Mama Pride rice is = ₦35,000 — ₦46,000.
• Caprice rice is = ₦36,000 — ₦49,000.
• Anambra rice is = ₦37,000 — ₦45,000.
• Elephant Pride rice is = ₦30,000 — ₦46,000.
• Ofada rice is = ₦25,000 — ₦55,000.
• Lake rice is = ₦25,000 — ₦38,000.

Frequently Asked Questions

Q1: Why is the price of rice in Nigeria so high?

The price of rice in Nigeria is influenced by various factors such as production costs, supply chain inefficiencies, and government policies.

Q2: What is the outlook for the rice market in Nigeria?

The rice market in Nigeria is expected to grow, driven by increasing demand and government initiatives to promote local rice production. However, challenges such as inadequate infrastructure and climate change could affect the market.

Conclusion

The price of rice in Nigeria is influenced by various factors, and the market is expected to grow in the coming years. Due to the high increase in commodities, rice has become one of the most expensive cereals.

On the contrary, there are different prices and quantities of rice. You can purchase the one you can afford.

In this article, we have successfully listed the price of rice in different localities in Nigeria. Choose the best and purchase them before there is a price increase.