Tomatoes Price

As the Ramadan season gradually comes to an end, some households in Lagos and elsewhere may find it difficult to celebrate because the prices of some food items keep increasing. Tomatoes prices, for instance, have spiked by as much as 25% across major markets in Lagos State.

A food survey conducted by Nairametics Research revealed that a big basket of tomatoes at the popular Mile 12 Market now sells for N10,000. This indicates a significant increase from the former average price of N8,000.

Meanwhile, the survey showed the price variation of food commodities across the four major markets. Our report further shows that the prices of some commodities are relatively the same, while the prices of other commodities vary across the markets.

Relatively the same price: Noodles such as Indomie, Chikki, Minimie, and Golden Penny are relatively sold for the same price across the four markets, although Mushin Market sells a carton of Indomie 70g highest at a higher price of N1,900 compared to N1,800 sold in Daleko, Oyingbo, and Mile 12 markets.

A gallon of local vegetable oil (25 litres & 5 litres) sells for the same price of N10,000 and N2,000 respectively across the four markets except for Mile 12 market which sells 5 litres of vegetable oil for N1,900; a cheaper rate compared to the other markets. Other commodities that recorded the same price include Power Oil (3 litres) and Mamador oil (3.8 litres).

The relative differences in prices: Obvious variations were recorded in the prices of rice, beans, and garri across the four markets.

Royal stallion rice (50kg) sells at N14,800 in Daleko market, N15,000 in Mushin, and N15,500 in Oyingbo and Mile 12 markets. Rice Master (10kg) sells at N3,000 in Daleko, Oyingbo, and Mile 12 market. It is, however, sold at a higher price in Mushin market (N3,500).

Beans (Oloyin) is sold the lowest in Daleko market for (N14,500), N15,000 in Oyingbo N15,000, and N16,000 in Mile 12 Market. Brown beans is also sold the lowest in Daleko Market at 25,000, while Mile 12 Market sells it at the highest price of N30,000.

Coronation Research

From the foregoing, it can be seen that Daleko Market sells the cheapest in grains such as rice, beans, and garri. This could be attributed to the fact that Daleko Market specifically specialises in the sale of these commodities, whereby traders come from other markets to buy in bulk from Daleko.

Daleko International Market

Special Markets: Tomato sellers at Mile 12 market enlightened our research team that the prices of tomato product vary with time such that the big basket can sell at N15,000 early in the morning, and later sell at N10,000 by noon. Similarly, small baskets sell at N5,000 in the morning and N3,500 by noon.

Therefore, buyers may want to stick to the early morning purchase, in order to have a good bargain for tomatoes as the festive period draws close.

Local Rice inventory piles up – As reported from the markets, rice sellers complained of the lack of interest of the consumers in purchasing the Nigerian produced rice (Mama’s pride), which is sold for N14,200. According to sellers of rice at Daleko, Nigerians lack of interest in local rice is largely due to the tiny nature of the grain. One of the major rice distributors stated in the market stated:

“they keep asking for imported rice, and wouldn’t mind paying a higher price for it. They also do not mind the fact borders are shut for foreign produced rice to come in”

Note that Rice includes one of the 42 items banned by the government not to be accessible with foreign exchange. Hence, sellers complained that consumers keep asking for imported rice at a higher price which is already banned from coming into the country. This “development” begs the question of the effect this has on the economy of the country.

About Nairametrics Food Price Survey: The Nairametrics’ Food Price Watch is a bi-weekly household market survey the covers prices of major food items, with emphasis laid on four (4) major markets in Lagos State: Mushin Market, Daleko Market, Oyingbo Market, and Mile 12.

See table below

ItemBrandUnitSelected Markets Prices (5/4/2019)      15/5/2019   
MUSHINDALEKOOYINGBOMILE 12AverageMUSHINDALEKOOYINGBOMILE 12Average
Bag of RiceBasmati5kg5000550050005166.66666755005000550050005250
Bag of RiceMama Gold10kg3500300037003000330035003000370030003300
Bag of RiceRoyal Stallion50Kg14000135001400013800138251500014800155001550015200
Bag of RiceRice Master10kg3500300030003000312535003000300030003125
Bag of RiceMama Gold50kg14500135001400013500138751550015500155001600015625
Bag of RiceCaprice50kg140001300013500135001350015000155001600015500
Bag of RiceFalcon25kg6800650068006800672568006500680068006725
Bag of RiceOfada5kg4800450042004200442525002500
Bag of BeansOloyin50kg16700170001650016733.3333314500150001600015166.666666667
Bag of BeansWhite50kg29500298002900029433.3333328000290002800028333.333333333
Bag of BeansBrown50kg3250032400320003230025000270003000027333.333333333
Tuber of YamAbuja1 Big Size Tuber1000800950900912.510009001000966.66666666667
Tuber of YamAbuja1 Medium Size Tuber480350400450420600650650633.33333333333
Carton of NoodlesIndomie120g31003000300030503037.5
Carton of NoodlesIndomie70g18001800175018001787.519001800180018001825
Carton of NoodlesChikki100g2200220022002200220020002200210021002100
Carton of NoodlesMinimie70g1500150015001500150015001500150014501487.5
Carton of NoodlesGolden Penny70g14001400140014501412.514001400140014501412.5
Bag of GarriIjebu80kg78007500650075007325750076007000
Bag of GarriWhite50kg7500750050007500687569006500700068006800
Bag of GarriYellow50kg7500750055007500700060006000600065006125
Basket of PotatoSweetBig Basket3500950035003500
Basket of PotatoSweetSmall Basket50005000
Basket of PotatosweetSmallest Basket750750
Basket of PotatoIrishBig Basket1200012000
Basket of PotatoIrishBiggest Basket2000020000
Basket of PotatoIrishMedium Basket6000600025002500
Basket of PotatoIrishSmall Basket2000200015001500
Packet of PastaGolden Penny500g200180200200195200200200200200
Packet of PastaDangote500g200200200200200200200200200200
Packet of PastaPower500g200170180183.3333333200170180183.33333333333
Packet of PastaBonita500g170200200200192.5
Gallon of Palm OilLocal5 Litres2500250025002500250014501500160015001512.5
Gallon of Palm OilLocal25 Litres6500600065006000625084008450860085008487.5
Gallon of Vegetable OilLocal5 Litres2500250025002500250020002000200019001975
Gallon of Vegetable OilLocal25 Litres640065006500680065501000010000100001000010000
Gallon of Vegetable OilKings5 Litres3500330034003500342529002900290029002900
Gallon of Vegetable OilWesson5 Litres40004000420040004050370039003800
Gallon of Vegetable OilMamador3.8 Litres28002750290028002812.524002500240024002425
Gallon of Vegetable OilPower3 Litres2000200022002000205018001800180018001800
Basket of TomatoOval Shaped1 Small Basket25002500
Basket of TomatoRound Shaped1 Small Basket25002500
Bunch of PlaintainPlaintain1 Big Bunch22001700170020001900
Bag of FlourDangote50kg105001100010750105001100010750
Bag of FlourHoney well50Kg110001100011000110001100011000
Bag of FlourMama Gold50kg115001100011250115001100011250
Bag of SugarDangote50kg320032003200320032003200
MilkPeak Powdered (Tin)400g1150120012501200120011501200125012001200
Milkpeak Powdered(Tin)900g23502400250024002412.523502400250024002412.5
MilkPeak milk (Refill)500g950100010001000987.5950100010001000987.5
MilkDano Powdered (Tin)500g1000100010001000100010001000100010001000
MilkDano Powdered(Tin)900g2000200020002000200020002000200020002000
MilkDano (Refill)500g800700800750762.5800700800750762.5
MilkThreeCrown (Refill)380g700650700650675700650700650675
MilkLoya Powdered (Tin)400g10501000100010001012.510501000100010001012.5
MilkLoya (Refill)400g800800800850812.5800800800850812.5
MilkCoast (Refill)500g750700725750700725
Cocoa BeveragesMilo (Tin)500g10501000110011001062.510501000110011001062.5
Cocoa BeveragesMilo (Tin)900g2100210020002000205021002100200020002050
Cocoa BeveragesMilo Refill500g900800850850850900800850850850
Cocoa BeveragesBournvita Refill500g800950950950912.5800950950950912.5
Cocoa BeveragesBournvita (Plastic)500g1000100011001100105010001000110011001050
Cocoa BeveragesBournvita (Plastic)900g2000200020002000200020002000200020002000
Cocoa BeveragesOvaltine Refill500g800800800850812.5800800800850812.5
Cocoa BeveragesOvaltine(Plastic)500g1100110010001100107511001100100011001075
CoffeeNescafe Gold Blend100g18001850180018001812.518001850180018001812.5
CoffeeNescafe Classic50g650600600600612.5650600600600612.5
TeaLipton Yellow label52g300280300300295300280300300295
TeaTop tea52g300300300300300300300300300300
SugarSt' Loius Sugar(Cube) 500g300280380300315300280380300315
SugarGolden Penny Sugar (cube)500g350300350300325350300350300325
BreadVal-U1 loaf300300300300
BreadButterfield1 loaf300300300300
EggN/ACrate10009509001000962.510001000100010001000
MagarineBlue Band450g500500
MagarineSimas250g
Baby MilkSMA Gold500g30003000
Baby MilkNAN500g21002100
Bottled Water (Refill)CwayRefill500500
Juice5 Alive1 litre300300
JuiceChivita1 litre300300
GasRefilling12.5kg350035003500350035003500370035003566.6666666667
GasRefilling5kg100010001000100010001500150015001500
TomatoesBig Basket800080001000010000
Medium Basket45004500
Small Basket35003500

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