Ahead of Ramadan, rice, beans, maize, and other staples rise in Nigerian markets, while some items like palm oil see minor declines.

Ramadan: New Prices for Rice, Beans, and Other Food Items Emerge

A recent survey of Nigerian markets shows key staple food prices rising ahead of the Ramadan fasting season, as traders adjust costs in major markets in Lagos, Kano, Abuja, Kaduna, and Taraba.

Also read: Ramadan and Lent begin as Saudi Arabia confirms holy month

While rice, beans, maize, and groundnuts saw sharp increases, some commodities such as palm oil and select vegetables recorded minor declines.

Price Changes Across States

Abuja:

Beans (per bag): N50,000 → N90,000
Maize (per bag): N25,000 → N27,000
Local rice jumbo packs (~100kg): ~N100,000

Kaduna:

Beans (local measure): N700 → N1,400

Taraba:

White beans (100kg): N65,000 → N110,000
Paddy rice (100kg): N18,000 → N28,000–N30,000
Maize (100kg): N15,000–N18,000 → N23,000–N24,000
Groundnut (100kg): N30,000 → N45,000
Dried cassava (100kg): N3,500 → N7,000
Locally processed rice (measure): N1,400 → N1,800
White beans (measure): N900 → N1,800–N2,000

Lagos:

Beans (bag): N60,000
Long-grain rice: N75,000
Short-grain rice: N55,000
Tomatoes (bag): N36,000
Pepper (bag): N46,000
Half-bag pepper: N20,000
Frozen chicken (per kg): N4,800
Onions (bag): N70,000 → N90,000

Kano:

Gerewa rice (50kg): N52,000
BUA rice (50kg, 50kg): N52,500
AA Rano rice (50kg): N51,500
Sugar (bag): N70,000
Mudu: N4,500
Flour (bag): N60,000
Tomatoes (per bowl): N800
Tatashe: N1,500
Onions: N2,000
Irish potatoes (basket): N7,500
Medium yams (tuber): N5,000

Food Inflation in Nigeria

Despite seasonal price surges, Nigeria recently recorded its lowest food inflation rate in a decade, according to the National Bureau of Statistics (NBS).