Prices of Rice in Nigeria per Bag
Rice, a staple food enjoyed worldwide, holds a special place in the hearts and culture of Nigerians. Beyond being a daily meal, it takes center stage in various ceremonies and celebrations. As we delve into the intricate world of rice in Nigeria, this blog post provides insights into the current market prices, popular brands, and the dynamic landscape of rice consumption in the country.
Current Rice Prices Across Nigeria:
Understanding the price dynamics of rice in different regions is crucial for consumers. Here’s a snapshot of the current market prices per 50kg bag in major Nigerian cities:
- Abuja: N40,000 – N45,000
- Lagos: N42,000 – N45,000
- Jos, Plateau State: N41,500 – N45,000
- Ilorin, Kwara State: N42,000 – N45,000
- Ibadan, Oyo State: N41,000 – N45,500
- Port Harcourt, Rivers State: N42,000 – N46,000
For a 25kg bag, prices range from N21,000 to N23,000 in Lagos and N20,500 to N22,500 in Sokoto. Meanwhile, a 100kg bag in Sokoto costs between N80,000 and N86,000. (Prices last updated: August 27, 2023).
Popular Rice Brands and their Prices:
Consumers often have their preferred rice brands, each with its unique qualities. Here’s a glimpse of prices for some well-known brands in the Nigerian market:
- Mama Gold Rice:
- 50kg: N37,400 to N45,000
- 25kg: Not specified
- Royal Stallion Rice:
- 50kg: N40,000 to N50,000
- 25kg: N18,000 – N25,000
- Rice Master Rice:
- 50kg: N30,000 to N40,000
- 25kg: N15,000 to N20,000
- Caprice:
- 50kg: N35,500 to N42,000
- 25kg: N15,000 to N21,800
- Falcon Rice:
- 50kg: N44,000 to N46,000
-
Basmati Rice:
- 5kg: N13,000 – N15,000
- 10kg: N25,000 – N30,000
Ofada Rice, named after Ofada town in Ogun state, is a specialty often considered a luxury. Prices range from N2,050 to N3,000 for 1kg and N7,000 to N10,000 for 5kg.
The Global Rice Market:
While China leads as the world’s largest rice producer, Thailand takes the crown as the largest exporter. Nigeria, a significant consumer of rice, is gradually reducing its dependence on imports, with a consumption of 7.9 million tons and an annual production of 5.8 million tons.
Conclusion:
The rice market in Nigeria is diverse, with various brands catering to different preferences. As the government promotes local rice production and with the current ban on importation, the market is witnessing positive changes. For consumers, understanding the pricing and choosing from the array of available brands allows them to make informed decisions. Whether it’s the versatility of Jollof rice or the richness of Ofada, rice remains a cherished part of Nigerian culture and cuisine.