- Relative differences in the prices of major goods across the four (4) markets.
- The markets surveyed include: Mushin Market, Daleko Market, Oyingbo Market, and Mile 12.
- A few food items recorded the same prices in all markets.
- Mushin recorded the highest prices of foodstuff.
- 50kg Bag of rice had an average price of N11,081.25
The Nairametrics’ Food Price Watch is a bi-weekly household market survey with emphasis laid on four (4) major markets in Lagos State: Mushin Market, Daleko Market, Oyingbo Market, and Mile 12.
Prices of food items are gathered by our research team from the listed markets which are collated according to their brands and units. This survey is aimed at notifying consumers on the prices of various household items in different markets within their reach.
SURVEY
Relative differences in price: Most food items recorded slight differences in their prices. For example; 50kg bag of rice (Royal stallion) which has an average price of N13,825, recorded N14,000 in Mushin Market, N13,500 in Daleko Market, N14,000 in Oyingbo Market, and N13,800 in Mile 12 Market.
Also, 120g carton of noodles (Indomie) with an average price of N3,037.5, went for N3,100 at Mushin Market, Daleko Market for N3,000, Oyingbo Market for N3,000 and Mile 12 for N3,050.
Same prices: Just a few food items like Carton of noodles (minimie), 500g packet of pasta (Dangote), 5 litres local gallon of palm oil, 5 litres gallon of vegetable oil, 500g/900g Dano powdered milk, 52g Top tea and Gas refilling both 12.5kg and 5kg recorded the same prices in all four markets surveyed.
Markets with the highest prices of foodstuff: Data collated showed that Mushin Market recorded the highest prices for foodstuff. Could it then be said that food items are best purchased at the other markets?
Arguably not! A consumer living at Mushin cannot commute to Oyingbo or Mile 12 just because the prices at which goods are sold there is expensive. This is because transportation costs would come into the mix, at the end of which it would make no economic sense to do so.
However, from the viewpoint of a wholesaler (Bulk trader), it might make a whole lot of sense. The transportation cost would eventually be recovered.
Special Market: Some food items were not found in all the markets surveyed. As a matter of fact, only Mile 12 had all the goods surveyed. Items such as different baskets of potatoes and different baskets of tomatoes were only found in Mile 12.
12 market is known mainly for this. On a normal day, Lagos residents (no matter their location) would usually go to Mile 12 as early as possible to get goods in bulk and at cheap rates.
See table below:
Item Brand Unit Selected Markets Prices (5/4/2019) MUSHIN DALEKO OYINGBO MILE 12 Average Bag of Rice Basmati 5kg 5000 5500 5000 5166.6666666667 Bag of Rice Mama Gold 10kg 3500 3000 3700 3000 3300 Bag of Rice Royal Stallion 50Kg 14000 13500 14000 13800 13825 Bag of Rice Rice Master 10kg 3500 3000 3000 3000 3125 Bag of Rice Mama Gold 50kg 14500 13500 14000 13500 13875 Bag of Rice Caprice 50kg 14000 13000 13500 13500 13500 Bag of Rice Falcon 25kg 6800 6500 6800 6800 6725 Bag of Rice Ofada 5kg 4800 4500 4200 4200 4425 Bag of Beans Oloyin 50kg 16700 17000 16500 16733.333333333 Bag of Beans White 50kg 29500 29800 29000 29433.333333333 Bag of Beans Brown 50kg 32500 32400 32000 32300 Tuber of Yam Abuja 1 Big Size Tuber 1000 800 950 900 912.5 Tuber of Yam Abuja 1 Medium Size Tuber 480 350 400 450 420 Carton of Noodles Indomie 120g 3100 3000 3000 3050 3037.5 Carton of Noodles Indomie 70g 1800 1800 1750 1800 1787.5 Carton of Noodles Chikki 100g 2200 2200 2200 2200 2200 Carton of Noodles Minimie 70g 1500 1500 1500 1500 1500 Carton of Noodles Golden Penny 70g 1400 1400 1400 1450 1412.5 Bag of Garri Ijebu 80kg 7800 7500 6500 7500 7325 Bag of Garri White 50kg 7500 7500 5000 7500 6875 Bag of Garri Yellow 50kg 7500 7500 5500 7500 7000 Basket of Potato Sweet Big Basket 9500 9500 Basket of Potato sweet Small Basket 5000 5000 Basket of Potato Irish Big Basket 12000 12000 Basket of Potato Irish Medium Basket 6000 6000 Basket of Potato Irish Small Basket 2000 2000 Packet of Pasta Golden Penny 500g 200 180 200 200 195 Packet of Pasta Dangote 500g 200 200 200 200 200 Packet of Pasta Power 500g 200 170 180 183.33333333333 Packet of Pasta Bonita 500g 170 200 200 200 192.5 Gallon of Palm Oil Local 5 Litres 2500 2500 2500 2500 2500 Gallon of Palm Oil Local 20 Litres 6500 6000 6500 6000 6250 Gallon of Palm Oil Local 30 Litres 10700 10000 10000 10500 10300 Gallon of Vegetable Oil Local 5 Litres 2500 2500 2500 2500 2500 Gallon of Vegetable Oil Local 20 Litres 6400 6500 6500 6800 6550 Gallon of Vegetable Oil Local 30 Litres 11500 11000 11000 11500 11250 Gallon of Vegetable Oil Kings 5 Litres 3500 3300 3400 3500 3425 Gallon of Vegetable Oil Wesson 5 Litres 4000 4000 4200 4000 4050 Gallon of Vegetable Oil Mamador 3.8 Litres 2800 2750 2900 2800 2812.5 Gallon of Vegetable Oil Power 3 Litres 2000 2000 2200 2000 2050 Basket of Tomato Oval Shaped 1 Small Basket 2500 2500 Basket of Tomato Round Shaped 1 Small Basket 2500 2500 Bunch of Plaintain Plaintain 1 Big Bunch 2200 1700 1700 2000 1900 Bag of Flour Dangote 50kg 10500 11000 10750 Bag of Flour Honey well 50Kg 11000 11000 11000 Bag of Flour Mama Gold 50kg 11500 11000 11250 Bag of Sugar Dangote 50kg 3200 3200 3200 Milk Peak Powdered (Tin) 400g 1150 1200 1250 1200 1200 Milk peak Powdered(Tin) 900g 2350 2400 2500 2400 2412.5 Milk Peak milk (Refill) 500g 950 1000 1000 1000 987.5 Milk Dano Powdered (Tin) 500g 1000 1000 1000 1000 1000 Milk Dano Powdered(Tin) 900g 2000 2000 2000 2000 2000 Milk Dano (Refill) 500g 800 700 800 750 762.5 Milk ThreeCrown (Refill) 380g 700 650 700 650 675 Milk Loya Powdered (Tin) 400g 1050 1000 1000 1000 1012.5 Milk Loya (Refill) 400g 800 800 800 850 812.5 Milk Coast (Refill) 500g 750 700 725 Cocoa Beverages Milo (Tin) 500g 1050 1000 1100 1100 1062.5 Cocoa Beverages Milo (Tin) 900g 2100 2100 2000 2000 2050 Cocoa Beverages Milo Refill 500g 900 800 850 850 850 Cocoa Beverages Bournvita Refill 500g 800 950 950 950 912.5 Cocoa Beverages Bournvita (Plastic) 500g 1000 1000 1100 1100 1050 Cocoa Beverages Bournvita (Plastic) 900g 2000 2000 2000 2000 2000 Cocoa Beverages Ovaltine Refill 500g 800 800 800 850 812.5 Cocoa Beverages Ovaltine(Plastic) 500g 1100 1100 1000 1100 1075 Coffee Nescafe Gold Blend 100g 1800 1850 1800 1800 1812.5 Coffee Nescafe Classic 50g 650 600 600 600 612.5 Tea Lipton Yellow label 52g 300 280 300 300 295 Tea Top tea 52g 300 300 300 300 300 Sugar St' Loius Sugar(Cube) 500g 300 280 380 300 315 Sugar Golden Penny Sugar (cube) 500g 350 300 350 300 325 Bread Val-U 1 loaf 300 300 Bread Butterfield 1 loaf 300 300 Egg N/A Crate 1000 950 900 1000 962.5 Magarine Blue Band 450g 500 500 Magarine Simas 250g #DIV/0! Baby Milk SMA Gold 500g 3000 3000 Baby Milk NAN 500g 2100 2100 Bottled Water (Refill) Cway Refill 500 500 Juice 5 Alive 1 litre 300 300 Juice Chivita 1 litre 300 300 Gas Refilling 12.5kg 3500 3500 3500 3500 3500 Gas Refilling 5kg 1000 1000 1000 1000 1000 Tomatoes Big Basket 8000 8000 Medium Basket 4500 4500 Small Basket
Good job.Well done great team