In our diverse society, the conversation about food transcends age, wealth, and status. We all share the common anticipation for favorable agricultural prices, mirroring the hope of producers for bountiful yields. However, the dynamics of food prices are intricately linked to various uncontrollable factors such as security, weather patterns, and economic conditions. Today, we delve into the prevailing prices of major agricultural commodities in Nigeria for the year 2023.
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1. Garri:
- 80Kg Bag of Ijebu Garri: ₦11,000
- 50kg Bag of White Garri: ₦7,000 – ₦7,500
- 50kg Bag of Yellow Garri: ₦7,000 – ₦7,500
2. Palm Oil:
- 5 liters Gallon: ₦2,200-₦2,500
- 20 liters Gallon: ₦8,800-₦9,000
- 30 liters Gallon: ₦12,800-₦13,000
3. Local Vegetable Oil:
- 5 liters Gallon: ₦2,300-₦2,500
- 20 liters Gallon: ₦9,000- ₦9,500
- 30 liters Gallon: ₦13,500 –₦14,000
4. Yam:
- 1 Big Size Tuber of Abuja Yam: ₦700 – ₦1,000
- 1 Medium Size Tuber of Abuja Yam: ₦500
- 1 Big Size of Regular Yam: ₦500 – ₦900
- 1 Medium Size of Regular Yam: ₦350 – ₦500
5. Cassava:
- 1 Ton of Unprocessed Cassava: ₦28,000 – ₦40,000
- 1 CABSTER of Unprocessed Cassava: ₦100,000 – ₦130,000
6. Potato:
- Big Basket of Sweet Potato: ₦500 – ₦650
- Small Basket of Sweet Potato: ₦300 – ₦400
- Small Basket of Irish Potato: ₦500 – ₦700
- Medium Basket of Irish Potato: ₦1,000 – ₦1,300
- Big Basket of Irish Potato: ₦1,900 – ₦2,200
7. Beans:
- A bag of Olotu/Drum Beans 50 kg: ₦33,000 – ₦38,000
- A bag of Oloyin Beans 25 kg: ₦15,000 – ₦19,000
- A bag of Butter Beans 50 kg: ₦31,000 – ₦35,000
8. Maize:
- Bag of White Maize 100kg: ₦16,000 – ₦18,000
- Bag of Yellow Maize 100kg (Wholesale): ₦15,000 – ₦18,000
9. Rice:
- Mama’s Pride Rice 50kg: ₦17,400 to ₦18,500
- Rice Master 25kg: ₦8,000 to ₦8,500
- Rising Sun Rice 50kg: ₦17,500 to ₦18,500
10. Fish: – A Carton Titus Icefish: ₦19,500 – A Carton of Kote Icefish: ₦14,500 – A Carton of Croacker Icefish: ₦24,000
11. Others: – A Basket of Tomatoes: ₦35,000 – ₦40,000 – A Bag of Pepper: ₦9,000 – ₦10,000 – 1 Crate of Egg: ₦850 – ₦1200
Nature of Changes in Prices:
Contrary to a report by the National Bureau of Statistics, prices of many agricultural commodities in Nigeria are generally on the rise. Market trends reveal stability or an upward trajectory, with groundnut oil experiencing a slight decline in some states. Despite fluctuations, poultry products, especially eggs, maintain prices similar to the previous year.
Factors Influencing Prices:
Aside from uncontrollable factors like security and weather, the cost of production, supply-demand tension, season, and circulation costs play significant roles in agricultural commodity prices. It’s crucial to note that imported commodities factor in cost, insurance, and freight, while export prices are determined by the government or the market at the start of each crop season.
Conclusion:
Navigating the complex landscape of agricultural commodity prices in Nigeria requires an understanding of various factors. As consumers, staying informed about market trends and potential fluctuations empowers us to make better decisions. While prices may vary across states, this guide serves as a valuable resource for businesses and individuals alike, helping them anticipate and adapt to the ever-changing dynamics of the agricultural market in Nigeria.