As the Christmas season approaches, many Nigerians are bracing for a potential rise in the prices of essential food commodities like rice, beans, and tomatoes. It’s common for the festive season to prompt panic buying and bulk purchases, leading to increased demand and potential supply chain issues.
Market traders across Nigeria are already expressing concerns about anticipated price hikes, attributing them to higher demand and possible disruptions in supply. As a result, there are calls for the government and relevant stakeholders to closely monitor market activities and prevent unfair pricing to keep food accessible.
Below are the current prices for major food commodities this week:
Rice Prices
- My Choice Bag of Rice – ₦96,000
- Mama’s Pride Rice – ₦95,000
- Khemji Bag of Rice – ₦103,000
- 25kg Bag of Rice – ₦47,500
Beans Prices
- Sweet Pure Butter Beans 50kg – ₦160,000
- Soyabeans Very Dried – ₦130,000
- Peeled Beans for Moi Moi 20kg – ₦80,000
- Neat and Picked Pure Oloyin Sweet Beans 2.5kg – ₦8,500
Garri Prices
- 50kg Bag of Garri – ₦55,000
- 100kg Bag of Garri – ₦100,000
Tomatoes Prices
- Fresh Derica Tomatoes (Big Basket) – ₦180,000
- Medium Basket of Fresh Tomatoes – ₦95,000
- Small Basket of Fresh Tomatoes – ₦40,000
- Royal Sun Plum Tomatoes (24 Cans) – ₦32,000
Spaghetti Prices
- Golden Penny Spaghetti (500g × 20 Carton) – ₦28,000
Palm Oil Prices
- 5-litre Gallon – ₦7,500
- 25-litre Gallon – ₦55,000
As the holiday season draws closer, shoppers are encouraged to plan ahead and make informed purchases to navigate the potential changes in food prices effectively.
