Research Analysis
Prices of flour, rice, beans, tomatoes, pepper, others jump, as low patronage hits major markets
The report contains information on items that witnessed price increase, price decrease, as well as insights.

Published
6 months agoon

Despite the ease of lockdown in the country, the prices of household items continue to trend upwards, as traders across Lagos markets have once again lamented the sustained decline in patronage. This is according to the latest Household Market Survey conducted by Nairalytics, the research arm of Nairametrics.
The persistent increase in the price of food items across major markets in Lagos State continues to hit harder on consumers, as local and foreign rice, tomatoes, pepper, flour amongst others, recorded significant surges in their prices.
Explore the Nairametrics Research Website for Economic and Financial Data
According to the latest report, a 50kg bag of Mama Gold flour that was initially sold for an average of N11,575, now sells for an average of N16,500 – a 42.6% increase. Also, a 50kg bag of Mama Gold rice now sells for an average of N28,875, as against N24,375 recorded two weeks ago.
The survey further shows that a big bag of pepper increased by 23.1%, to sell for an average of N16,000, compared to an initial average of N13,000. A big basket of round-shaped tomatoes, now sells for an average of N12,000.
The report contains information on items that witnessed price increase, price decrease, as well as information on special markets, and insights.
(READ MORE: Prices of tomatoes, garri, potatoes, others jump as low inventory hits major markets)
Items that witnessed price increase
Listed below are the items that recorded significant price increase:
- A 50kg bag of Honeywell flour increased by 24.7%, from an initial average of N11,525 to sell for N14,375, while Mama Gold brand sells for an average of N16,500.
- A 50kg bag of Dangote flour now sells for an average of N14,333, compared to N11,067 recorded a fortnight ago.
- A big bag of pepper that was initially sold for an average of N13,000, now sells for an average of N16,000 – a 23.1% increase.
- A big basket of round shaped tomatoes increased by 9.1% to sell for an average of N12,000, compared to an initial average of N11,000.
- The cost of a big basket of oval shaped tomatoes spiked by 14.3%, from an initial average of N7,000 to sell for an average of N8,000.
- A 50kg bag of Mama Gold rice now sells for an average of N28,875, from an initial average of N24,375 – a 18.5% increase.
- A big bag of brown beans increased by 8.6%, from an initial average of N30,375, to sell for an average of N33,000.
- A 5-litre gallon of vegetable oil that was sold for an average of N2,525 two weeks ago, now sells for N2,750 – 8.91% increase.
- A bag of bush mango seeds (Ogbono) increased by 5% to sell for an average of N105,000. It was initially sold for an average of N100,000.
Items that witnessed price decrease
Some of the items that recorded slight decrease in prices include:
- A 50kg bag of garri (Ijebu) that reduced by 5.31%, to sell for an average of N13,375, compared to an initial average of N14,125.
- A big basket of sweet potatoes that was initially sold for an average of N18,000, now sells for N14,000 – a 22.2% decrease.
- A 5-litre gallon of Kings oil now sells for an average of N3,000, as against N3,050 recorded last month.
- A big bag of dry onions reduced marginally by 2.11%, to sell for an average of N34,750, compared to N35,500 recorded two weeks ago.
- A big bag of new onions now sells for an average of N25,500, a 1.92% reduction, compared to an initial average of N26,000.
Items that maintained initial prices
Items whose prices remained the same, compared to two weeks ago include:
- A crate of egg which continues to sell for an average of N1,200, same as recorded in the previous report.
- A medium-sized basket of round shaped tomatoes continues to sell for an average of N7,000.
- A 50kg bag of beans (Oloyin) sells for an average of N20,375.
- A 400g tin of Peak Powdered Milk sells for an average of N1,200, while 900g still sells for an average of N2,363.
- The various sizes of cartons of noodles maintained their initial prices – 305g Indomie (N3,150), 210g Indomie (N3,200), and 100g Chikki (N2,150).
- 500g and 900g Milo tins still sell for N1,038 and N2,125 on average respectively across the four markets.
- A carton of Golden Penny Pasta sells for an average of N4,325.
READ: FAAC disagrees over revenue allocation for FG, States, LGs
Special markets/items
Nairalytics had reported two weeks earlier, that prices of major food items such as rice, beans, pepper, and other items recorded significant increase. This was partly attributed to seasonal fluctuations and supply chain bottlenecks caused by the COVID-19 induced lockdown.
In the latest increase, traders decried the sudden jump in price of flour. Flour, which is a necessity for the production of items like bread, cakes, and confectioneries, recorded a significant spike, as a 50kg bag of flour witnessed a 29.5% increase in price.
(READ MORE: Yearn.finance: Buyers earn 125,322% profits)
An interview with a trader at Oyingbo market revealed that customers have become disgruntled with the persistent increase in prices of most food items, as it has become a cause for worry to the traders, “We are worried about this continued increase in price of food, as some of our customers now decide to buy less due to the price increment, while others just take a walk,” She said.
She further revealed, “Bakeries have now increased the price of bread, as the increase in price of flour has affected their already declining profits.”
READ: Only customers with minimum of 12 hours electricity can have tariff increase – FG
Below are the prices of various brands of rice sighted at Daleko market:
Mama Gold (10kg) – N4,500; Royal Stallion (50kg) – N29,000; Rice Master (10kg) – N5,000; Mama Gold (50kg) – N29,000; Caprice (50kg) – N29,000; Mama’s Pride(50kg) – N24,500; Umza (50kg) – N24,500; Labana (50kg) – N25,000; Alamzat (50kg) – N23,500; Big Bull (50kg) – N25,000; Mama’s Choice (50kg) – N24,000.
Market insights
Major tomato traders at Mushin market, during the week, blamed the increase of tomatoes on the fact that, the season for the oval shaped tomatoes is coming to an end. According to Mrs. Jamiu, “Very soon, oval shaped tomatoes will no more be available in the market, as its season is almost over.”
Nairametrics, earlier reported that a small basket of oval shaped tomatoes was sold for an average of N800 at Mushin market last month. However, it has doubled in price, and now sells for an average of N1,700.
(READ MORE: Prices of beans, potatoes, palm oil, others jump as traders lament hike, seasonal scarcity)
Mrs. Olaoluwa, who also sells at Mushin market, shared a contrary opinion. She attributed the increase in price of major food items including tomatoes to the approaching festivity.
“As the year is coming to an end, it is normal for prices of items in Nigeria to jack up, it is just hitting harder this year because of the effect of the COVID-19 pandemic.” She said
When Nairalytics Research visited Daleko market, Mrs. Oladayo, reiterated that the Federal Government’s decision to restrict importation of rice, is the major cause of the increase in price of rice. According to her, Nigeria is not able to produce enough rice that can circulate across the country, hence the unavoidable scarcity.
She reiterated that the stony rice being sold in the markets also affects the prices of the commodity, as most consumers who do not wish to buy the inferior quality, will have to pay more for neater brands of rice.
READ: Ethereum miners made $113 million in August 2020
Items | Brand | Unit | MUSHIN (10/09/2020) | DALEKO (10/09/2020) | OYINGBO (10/09/2020) | MILE 12 (10/09/2020) | Average | MUSHIN (27/08/2020) | DALEKO (27/08/2020) | OYINGBO (27/08/2020) | MILE 12 (27/08/2020) | Average | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Bag of Rice | Basmati | 5kg | NA | NA | NA | NA | NA | NA | NA | NA | |||
Bag of Rice | Mama Gold | 10kg | NA | 4000 | 4500 | 5000 | 4500 | NA | 4000 | 4500 | 4700 | 4400 | |
Bag of Rice | Royal Stallion | 50Kg | 30000 | NA | 29000 | 31000 | 30000 | 30000 | NA | 29000 | 29000 | 29333.333333333 | |
Bag of Rice | Rice Master | 10kg | 4000 | NA | 4500 | 4250 | 4000 | NA | 4000 | 4000 | |||
Bag of Rice | Mama Gold | 50kg | 29500 | 29000 | 29000 | 28000 | 28875 | 25000 | 23500 | 25000 | 24000 | 24375 | |
Bag of Rice | Caprice | 50kg | 30000 | NA | 29000 | 30000 | 29666.666666667 | 30000 | NA | 29000 | 29000 | 29333.333333333 | |
Bag of Rice | Mama's Pride | 50kg | 25000 | 24000 | 25000 | 25000 | 24750 | 25000 | 24000 | 23000 | 24000 | 24000 | |
Bag of Rice | Falcon | 25kg | NA | NA | NA | NA | NA | NA | |||||
Bag of Beans | Oloyin | 50kg | 20000 | 19500 | 20000 | 22000 | 20375 | 20000 | 19500 | 20000 | 22000 | 20375 | |
Bag of Beans | White | 50kg | 30000 | 30000 | 35000 | 32000 | 31750 | 30000 | 29500 | 35000 | 32000 | 31625 | |
Bag of Beans | Brown | >50kg | 32000 | 34000 | 35000 | 31000 | 33000 | 27000 | 29500 | 35000 | 30000 | 30375 | |
Tuber of Yam | Abuja | 1 Big Size Tuber | 1000 | 900 | 1000 | 1000 | 975 | 1000 | 900 | 900 | 800 | 900 | |
Tuber of Yam | Abuja | 1 Medium Size Tuber | 600 | 800 | 650 | 800 | 712.5 | 600 | 800 | 500 | 800 | 675 | |
Carton of Noodles | Indomie | 305g (Belle full) | 3200 | 3100 | 3200 | 3100 | 3150 | 3200 | 3100 | 3200 | 3100 | 3150 | |
Carton of Noodles | Indomie | 210g (Hungry man) | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | |
Carton of Noodles | Chikki | 100g | 2200 | 2200 | 2100 | 2100 | 2150 | 2200 | 2200 | 2100 | 2100 | 2150 | |
Carton of Noodles | Minimie | 70g | 2100 | 1650 | 1700 | 1650 | 1775 | 2100 | 1650 | 1700 | 1650 | 1775 | |
Carton of Noodles | Golden Penny | 70g | 1700 | 1400 | 1400 | 1400 | 1475 | 1700 | 1400 | 1400 | 1400 | 1475 | |
Bag of Garri | Ijebu | 50kg | 14000 | 13500 | 13000 | 13000 | 13375 | 14000 | 14000 | 14000 | 14500 | 14125 | |
Bag of Garri | White | 50kg | 13000 | 12500 | 12500 | 12500 | 12625 | 13000 | 11500 | 13000 | 12000 | 12375 | |
Bag of Garri | Yellow | 50kg | 12500 | 13000 | 12000 | 13000 | 12625 | 11500 | 12500 | 12000 | 12000 | 12000 | |
Basket of Potato | Sweet | Big Basket | 14000 | 14000 | 20000 | 16000 | 18000 | ||||||
Basket of Potato | Sweet | Small Basket | 700 | 700 | 700 | 700 | 600 | 650 | |||||
Basket of Potato | sweet | Smallest Basket | 400 | 250 | 325 | 400 | 200 | 300 | |||||
Basket of Potato | Irish | Biggest Basket | 33000 | 28000 | 30500 | 33000 | 28000 | 30500 | |||||
Basket of Potato | Irish | Small Basket | 2500 | 2500 | 2500 | 2500 | |||||||
Basket of Potato | Irish | Smallest Basket | 1700 | 1500 | 1600 | 1700 | 1500 | 1600 | |||||
Packet of Pasta | Golden Penny | 500g | 4400 | 4400 | 4300 | 4200 | 4325 | 4400 | 4400 | 4300 | 4200 | 4325 | |
Packet of Pasta | Dangote | 500g | 4100 | 4100 | 4200 | 4100 | 4125 | 4100 | 4100 | 4200 | 4100 | 4125 | |
Packet of Pasta | Power (1 pc) | 500g | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | |
Packet of Pasta | Bonita (1 pc) | 500g | 200 | 200 | 230 | 220 | 212.5 | 200 | 200 | 230 | 220 | 212.5 | |
Gallon of Palm Oil | Local | 5 Litres | 2700 | 2300 | 2300 | 2400 | 2425 | 2700 | 2300 | 2300 | 2400 | 2425 | |
Gallon of Palm Oil | Local | 25 Litres | 12000 | 11500 | 12500 | 13000 | 12250 | 12000 | 11500 | 12500 | 12500 | 12125 | |
Gallon of Vegetable Oil | Local | 5 Litres | 2700 | 2500 | 2300 | 3500 | 2750 | 2700 | 2500 | 2300 | 2600 | 2525 | |
Gallon of Vegetable Oil | Local | 25 Litres | 14000 | 13500 | 13500 | 14800 | 13950 | 14000 | 13500 | 13500 | 14000 | 13750 | |
Gallon of Vegetable Oil | Kings | 5 Litres | 3200 | 3000 | 3000 | 2800 | 3000 | 3200 | 3000 | 3000 | 3000 | 3050 | |
Gallon of Vegetable Oil | Wesson | 5 Litres | 4500 | 3900 | 3900 | 4300 | 4150 | 4500 | 3900 | 3900 | 3900 | 4050 | |
Gallon of Vegetable Oil | Mamador | 3.8 Litres | 2500 | 2450 | 2500 | 2800 | 2562.5 | 2500 | 2450 | 2500 | 2400 | 2462.5 | |
Gallon of Vegetable Oil | Power | 3 Litres | 1900 | 1800 | 1800 | 2200 | 1925 | 1900 | 1800 | 1800 | 1800 | 1825 | |
Bunch of Plantain | Plantain | 1 Bunch | 500 | 500 | 500 | 600 | 525 | 500 | 500 | 500 | 500 | 500 | |
Bag of Flour | Dangote | 50kg | 13500 | 15000 | 14500 | 14333.333333333 | 11200 | 11000 | 11000 | 11066.666666667 | |||
Bag of Flour | Honey well | 50Kg | 14500 | 13500 | 14500 | 15000 | 14375 | 12500 | 11200 | 11200 | 11200 | 11525 | |
Bag of Flour | Mama Gold | 50kg | 16000 | 16500 | 16000 | 17500 | 16500 | 13000 | 11300 | 11000 | 11000 | 11575 | |
Milk | Peak Powdered (Tin) | 400g | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | |
Milk | peak Powdered(Tin) | 900g | 2350 | 2400 | 2400 | 2300 | 2362.5 | 2350 | 2400 | 2400 | 2300 | 2362.5 | |
Milk | Peak milk (Refill) | 500g | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | |
Milk | Dano Powdered (Tin) | 500g | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | |
Milk | Dano Powdered(Tin) | 900g | 2600 | 2000 | 2000 | 2000 | 2150 | 2600 | 2000 | 2000 | 2000 | 2150 | |
Milk | Dano (Refill) | 500g | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | |
Milk | Three Crown (Refill) | 380g | 700 | 700 | 750 | 700 | 712.5 | 700 | 700 | 750 | 700 | 712.5 | |
Milk | Loya Powdered (Tin) | 400g | 1000 | 1000 | 1050 | 1016.6666666667 | 1000 | 1000 | 1050 | 1016.6666666667 | |||
Milk | Loya (Refill) | 400g | 800 | 850 | 800 | 816.66666666667 | 800 | 850 | 800 | 816.66666666667 | |||
Milk | Coast (Refill) | 500g | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | |||
Cocoa Beverages | Milo (Tin) | 500g | 1000 | 1100 | 1050 | 1000 | 1037.5 | 1000 | 1100 | 1050 | 1000 | 1037.5 | |
Cocoa Beverages | Milo (Tin) | 900g | 2200 | 2100 | 2100 | 2100 | 2125 | 2200 | 2100 | 2100 | 2100 | 2125 | |
Cocoa Beverages | Milo Refill | 500g | 1000 | 900 | 900 | 900 | 925 | 1000 | 900 | 900 | 900 | 925 | |
Cocoa Beverages | Bournvita Refill | 500g | 1000 | 950 | 900 | 950 | 1000 | 950 | 900 | 950 | |||
Cocoa Beverages | Bournvita (Plastic) | 900g | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | |||
Cocoa Beverages | Ovaltine Refill | 500g | 800 | 850 | 850 | 833.33333333333 | 800 | 850 | 850 | 833.33333333333 | |||
Cocoa Beverages | Ovaltine(Plastic) | 500g | 1100 | 1000 | 1100 | 1066.6666666667 | 1100 | 1000 | 1100 | 1066.6666666667 | |||
Coffee | Nescafe Classic | 50g | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | |
Tea | Lipton Yellow label | 52g | 300 | 290 | 300 | 300 | 297.5 | 300 | 290 | 300 | 300 | 297.5 | |
Tea | Top tea | 52g | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | |
Sugar | St' Loius Sugar(Cube) | 500g | 500 | 550 | 550 | 550 | 537.5 | 500 | 550 | 550 | 550 | 537.5 | |
Sugar | Golden Penny Sugar (cube) | 500g | 300 | 350 | 350 | 400 | 350 | 300 | 350 | 350 | 400 | 350 | |
Bread | Val-U | 1 loaf | 450 | NA | 450 | 500 | 466.66666666667 | 450 | NA | 450 | 500 | 466.66666666667 | |
Bread | Butterfield | 1 loaf | 450 | 450 | 500 | 500 | 475 | 450 | 450 | 500 | 500 | 475 | |
Egg | N/A | Crate | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | 1200 | |
Bottled Water (Refill) | Cway | Refill | 600 | 600 | 650 | 600 | 612.5 | 600 | 600 | 650 | 600 | 612.5 | |
Juice | 5 Alive | 1 litre | 550 | 550 | 550 | 600 | 562.5 | 550 | 550 | 550 | 600 | 562.5 | |
Juice | Chivita | 1 litre | 550 | 550 | 600 | 550 | 562.5 | 550 | 550 | 600 | 550 | 562.5 | |
Gas | Refilling | 12.5kg | 3200 | 3200 | 3400 | 3300 | 3275 | 3200 | 3200 | 3400 | 3300 | 3275 | |
Gas | Refilling | 5kg | 1400 | 1400 | 1400 | 1300 | 1375 | 1400 | 1400 | 1400 | 1300 | 1375 | |
Tomatoes | Big Basket | round shaped | 12000 | 12000 | 11000 | 11000 | |||||||
Tomatoes | Medium Basket | round shaped | 7000 | 7000 | 7000 | 7000 | |||||||
Tomatoes | Small Basket | round shaped | 5500 | 5500 | 5500 | 5500 | |||||||
Tomatoes | Big Basket | Oval Shaped | 8000 | 8000 | 7000 | 7000 | |||||||
Tomatoes | Small Basket | Oval Shaped | 5500 | 5500 | 5000 | 5000 | |||||||
Fish | Kote (Horse Mackerel) | 1 big Fish | 600 | 600 | 550 | 650 | 600 | 600 | 600 | 550 | 500 | 562.5 | |
Fish | Titus (Mackerel) | 1 big Fish | 600 | 550 | 550 | 750 | 612.5 | 600 | 550 | 550 | 600 | 575 | |
Pepper | Big bag | 16000 | 16000 | 13000 | 13000 | ||||||||
Pepper | Medium bag | 7000 | 7000 | 6500 | 6500 | ||||||||
Maize | Yellow | 21000 | 22000 | 19000 | 20666.666666667 | 18000 | 22000 | 19000 | 19666.666666667 | ||||
Maize | White | 21500 | 20000 | 19000 | 20166.666666667 | 18000 | 20000 | 19000 | 19000 | ||||
Melon | Big bag | 40000 | 35000 | 37500 | 40000 | 35000 | 37500 | ||||||
Onions | Big bag | Dry Onions | 35000 | 34500 | 34750 | 35000 | 36000 | 35500 | |||||
Onions | Big bag | New Onions | 25000 | 26000 | 25500 | 26000 | 26000 | ||||||
Bush mango seed | (Ogbono) | 1 big bag | 105000 | 105000 | 100000 | 100000 | |||||||
Frozen food | Full chicken | Carton | 13000 | 13000 | 13000 | 13000 | 12500 | 12700 | 13000 | 12733.333333333 | |||
Frozen food | Chicken lap | Carton | 13000 | 13000 | |||||||||
Frozen food | Turkey | Carton | 17000 | 16500 | 17000 | 16833.333333333 | 16700 | 16000 | 16350 | ||||
Crayfish | 13000 | 13500 | 13250 | 13000 | 13500 | 13250 |
About Nairametrics Food Price Survey
Nairametrics Food Price Watch, is a bi-weekly Household Market Survey that covers the prices of major food items in Nigeria, with emphasis on five major markets in Lagos – Mushin market, Daleko market, Oyingbo market, Idi-Oro market, and Mile 12 market.
Nairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. Our analysts share some of the data collated on Nairametrics, using formats such as docs, tables and charts etc. The team also publishes research based analysis as articles on a regular basis.


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Research Analysis
Chart of the day: It’s a V Shaped Recovery
A V-Shaped recovery means the Nigeria economy recovered faster than was expected
Published
3 weeks agoon
February 18, 2021
The chart above is V-Shaped!
Nigeria’s Bureau of Statistics revealed on Tuesday that Nigeria reported a real GDP Growth rate of 0.11% for the fourth quarter of 2020, the first time following three consecutive quarters of negative GDP growth rate.
Why this matters
- A V-shaped recovery means the economy got out of a recession faster than expected.
- Several analysts had various predictions on what Nigeria’s economic recovery chart might look like. The predictions were between U, V, L, or W, shaped.
- This was also the headline of the Nairametrics Q3 2020 Economic Outlook Webinar where most of our panelists settled for a U-shaped recovery.
- Most analysts had opined that Nigeria’s GDP Growth rate will contract again in the 4th quarter of 2020 before eeking our growth in the first quarter of 2021.
- However, the latest GDP number indicates a GDP growth rate in the 4th quarter thus a V-shaped recovery.
At 0.11%, this is the slowest GDP Growth rate Nigeria has recorded since the GDP was rebased in 2011. In the second quarter of 2017 when Nigeria also exited a recession, the GDP Growth rate was 0.72% and was considered relatively tepid at the time.
Exclusives
Prices of local rice, onions, tomatoes, others crash as foreign rice continues to ease off
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights.

Published
2 months agoon
January 15, 2021
It appears Nigerians are in for good times in the new year, as the price of bags of local and foreign rice, onions, pepper, tomatoes, amongst others recorded a significant drop in price.
This is according to the latest market survey, carried out by Nairalytics Research – the research arm of Nairametrics.
The survey revealed that the price of a 50kg bag of locally produced rice dipped by 6.4% from an average of N25,375 recorded in December to an average of N23,750 while a bag of foreign rice of the same size now sells for an average of N24,500 as against an initial average of N26,125.
READ: Quality of local rice improves as food prices drop across major markets
Also, the price of a bag of dry onions dropped by 77.5% to sell for an average of N21,500 compared to an initial average of N95,500 while the price of new onions crashed by 74.6% to sell for an average of 16,500.
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights.
READ: Inflation rate jumps to 12.13%, highest in 21 months
Items that witnessed price increase
- A big bag of melon that was sold for an average of N43,500 in December now sells for an average of N45,000. This represents an increase of 3.45% in three weeks.
- A nylon of crayfish now sells for an average of N14,250, representing an increase of 9.6% compared to an initial average of N13,000.
- The price of a big tuber of yam spiked by 31.2% to sell for an average of N1,000 as against an initial average of N763.
- Also, a medium-sized tuber of yam now sells for an average of N588, indicating an increase of 11.9% compared to an initial average of N525.
- A big basket of sweet potatoes that was sold for an initial average of N5,500, witnessed an increase of 9.1% to sell for an average of N6,000.
- The price of a small-sized basket increased by 3.6% to sell for an average of N727 from an initial average of N700.
- Also, a big basket of Irish potatoes now sells for an average of 25,000 as against an initial average of N20,000. This represents an increase of 25% in three weeks.
READ: FG warns local rice dealers to desist from price hike
Items that witnessed price decrease
- A big basket of round shaped tomatoes that was sold for an average of N15,000 in December, now sells for an average of N6,500. This represents a price decrease of 56.7% in three weeks.
- Also, the price of a medium-sized basket of round shaped tomatoes reduced by 64.7% to sell for an average of N3,000 as against an initial average of N8,500.
- A big bag of pepper now sells for an average of N7,750. This is 61.3% lower than an average of N20,000 recorded in December while a medium-sized bag currently sells for an average of N3,750 as opposed to an initial average of N10,000.
- A 50kg bag of brown beans currently sells for an average of N30,000, representing a 27.7% decline in price compared to an initial average of N41,500.
- The price of a 10kg bag of Mama Gold rice dipped by 8.3% to sell for an average of N4,400 compared to an initial average of N4,800.
- Also, a 50kg bag of Royal Stallion rice that was initially sold for an average of N26,125 now sells for an average of N24,500 while Mama Gold rice of the same size sells for an average of N24,875 as against an initial average of 26,125.
- The price of a carton of full chicken recorded a marginal decrease of 0.29% to sell for an average of N14,125 compared to an initial average of N14,167.
- A big bag of Bush mango seeds (Ogbono) that was sold for an average of N115,000 during Christmas festivity, now sells for an average of N105,000. This represents a price decrease of 8.7%.
READ: Why onion has become the “new gold” in Nigeria
Items that maintained initial prices
- A crate of eggs continues to sell for an average of N1,200, the same as recorded in December.
- A big bag of yellow maize is still sold for an average of N20,167, while a bag of white maize costs an average of N20,000.
- A bag of yellow maize sells for an average of N23,333, the same as recorded in December, while white maize of the same size still sells for an average of N23,167.
- A 50kg bag of Honey well and Mama Gold flour sells for N13,950 and N13,850 respectively, while a bag of Dangote flour sells for an average of N13,750.
- Horse fish (Kote) and Titus fish still sell for an average of N613 and 638 respectively across markets in Lagos.
- A 50kg bag of garri (Ijebu) still sells for an average of N14,375, while white and yellow garri sell for an average of N10,750 and N11,125 respectively.
- Amongst the list of food items that maintained their initial prices include: noodles, beverages, cocoa drinks, sugar, water, and juice.
- A 12.5kg cylinder of cooking gas is filled for an average of N3,975, while a 5kg cylinder is filled for an average of N1,750.
READ: Betting on Bitcoin is better than investing in PayPal, Google, Facebook, Amazon
Special markets/items
- Several customers were sighted at Mile-12 market negotiating and transacting with traders at different units of the market as the prices of most food items recorded a significant decline in price compared to the just-concluded year.
- In an interview with a tomato seller at Mushin market, Mr. Bala, explained that the decline in the price of tomatoes is due to seasonal fluctuations and increased supply of the food item.
- He stated that there has been a huge amount of harvest during this period, which has caused an increased supply of tomatoes coming from the north, and as a result driving the price of the commodity downwards. He however mentioned that oval-shaped tomatoes are not currently in the market, only round-shaped tomatoes were harvested and supplied to the market.
- The price of foreign rice has continued to witness a significant decrease in the past four weeks, largely due to the reopening of some land borders across the country. Also, the price of locally produced rice trickled down last week due to the new influx of foreign rice.
- According to our correspondent at Daleko market, Mrs. Oladayo, she explained that foreign-made rice is of two types for each of the brands, long and short. A 50kg of the long grain of rice sells for an average of N24,000 in the market, while the bag of short grains sells for an average of N24,000.
- Although, a 50kg bag of Big Bull rice sells for an of N24,000 some Nigerian made rice are now selling for as low as N18,000 and N17,000. She however warned that some of these brands are quite stony. For example, Zainab rice sells for an average of N17,000 at Daleko market.
READ: No giving up, Bitcoin gains $5,000
Market insights
- In an interactive session with an Onion seller at Mile-12 market, it was revealed that the reason for the significant nosedive in the price of onions was due to bountiful harvest towards the end of December.
- According to Muhammed, he said this is a period for onion harvest and it is only normal for the price to decline, although it seemed like a significant decline due to the irregular hike witnessed in the price of onions last year as a result of some string of events, such as insecurity, lack of harvest, etc.
- He further mentioned that the reduction in the price of onions is a very positive development for the year, considering the hardship experienced by many Nigerians during the past year.
- “We are happy that the price of onions and other food items have dropped in recent times and we hope it continues this way, because the lesser the price, the more customers are likely to buy,” He added.
- In a bid to understand the cause of the increase in the price of potatoes, Mr. Audu explained to Nairalytics that the price of potatoes increased due to the effect of seasonal fluctuations.
Items | Brand | Unit | MUSHIN (7/1/2021) | DALEKO (7/1/2021) | OYINGBO (7/1/2021) | MILE 12 (7/1/2021) | Average | MUSHIN (17/12/2020) | DALEKO (17/12/2020) | OYINGBO (17/12/2020) | MILE 12 (17/12/2020) | Average | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Bag of Rice | Mama Gold | 10kg | 4400 | 4200 | 4500 | 4500 | 4400 | 4600 | 4800 | 4800 | 5000 | 4800 | |
Bag of Rice | Royal Stallion | 50Kg | 25000 | 24000 | 25000 | 24000 | 24500 | 26000 | 25500 | 26000 | 27000 | 26125 | |
Bag of Rice | Rice Master | 10kg | NA | 4300 | 4300 | 5000 | NA | 4500 | 4750 | ||||
Bag of Rice | Mama Gold | 50kg | 25000 | 24000 | 24500 | 26000 | 24875 | 26000 | 25500 | 26000 | 27000 | 26125 | |
Bag of Rice | Caprice | 50kg | 25000 | 22000 | 24000 | 25000 | 24000 | 26000 | 25500 | 26000 | 27000 | 26125 | |
Bag of Rice | Mama's Pride | 50kg | 23000 | 24000 | 24000 | 24000 | 23750 | 25500 | 25000 | 25000 | 26000 | 25375 | |
Bag of Beans | Oloyin | 50kg | 20000 | 21000 | 20000 | 20333.333333333 | 20000 | 21000 | 21000 | 20000 | 20500 | ||
Bag of Beans | White | 50kg | 40000 | 45000 | 43000 | 42666.666666667 | 40000 | 43000 | 45000 | 43000 | 42750 | ||
Bag of Beans | Brown | 50kg | 32000 | 30000 | 30000 | 28000 | 30000 | 43000 | 38000 | 42000 | 43000 | 41500 | |
Tuber of Yam | Abuja | 1 Big Size Tuber | 1000 | 900 | 1100 | 1000 | 1000 | 800 | 750 | 700 | 800 | 762.5 | |
Tuber of Yam | Abuja | 1 Medium Size Tuber | 550 | 600 | 550 | 650 | 587.5 | 550 | 500 | 550 | 500 | 525 | |
Carton of Noodles | Indomie | 305g (Belle full) | 3200 | 3250 | 3300 | 3300 | 3262.5 | 3200 | 3250 | 3300 | 3300 | 3262.5 | |
Carton of Noodles | Indomie | 200g (Hungry man) | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | |
Carton of Noodles | Chikki | 100g | 2200 | 2200 | 2100 | 2300 | 2200 | 2200 | 2200 | 2100 | 2300 | 2200 | |
Carton of Noodles | Minimie | 70g | 1900 | 1750 | 1700 | 1800 | 1787.5 | 1900 | 1750 | 1700 | 1800 | 1787.5 | |
Carton of Noodles | Golden Penny | 70g | 1700 | 1500 | 1600 | 1600 | 1600 | 1700 | 1500 | 1600 | 1600 | 1600 | |
Bag of Garri | Ijebu | 80kg | 14500 | 14000 | 14500 | 14500 | 14375 | 14500 | 14000 | 14500 | 14500 | 14375 | |
Bag of Garri | White | 50kg | 10500 | 11000 | 11000 | 10500 | 10750 | 10500 | 11000 | 11000 | 10500 | 10750 | |
Bag of Garri | Yellow | 50kg | 11000 | 11000 | 11500 | 11000 | 11125 | 11000 | 11000 | 11500 | 11000 | 11125 | |
Basket of Potato | Sweet | Big Basket | 6000 | 6000 | 5500 | 5500 | |||||||
Basket of Potato | Sweet | Small Basket | 700 | 750 | 725 | 700 | 700 | 700 | |||||
Basket of Potato | sweet | Smallest Basket | 400 | 300 | 350 | 400 | 250 | 325 | |||||
Basket of Potato | Irish | Biggest Basket | 25000 | 25000 | 25000 | 20000 | 20000 | 20000 | |||||
Basket of Potato | Irish | Medium Basket | 2600 | 2600 | 2500 | 2500 | |||||||
Basket of Potato | Irish | Small Basket | 1700 | 1600 | 1650 | 1700 | 1500 | 1600 | |||||
Packet of Pasta | Golden Penny | 500g | 4400 | 4400 | 4300 | 4200 | 4325 | 4400 | 4400 | 4300 | 4200 | 4325 | |
Packet of Pasta | Dangote | 500g | 4200 | 4300 | 4300 | 4300 | 4275 | 4200 | 4300 | 4300 | 4300 | 4275 | |
Packet of Pasta | Power (1 pc) | 500g | 250 | 230 | 250 | 230 | 240 | 250 | 230 | 250 | 230 | 240 | |
Packet of Pasta | Bonita (1 pc) | 500g | 220 | 230 | 230 | 220 | 225 | 220 | 230 | 230 | 220 | 225 | |
Gallon of Palm Oil | Local | 5 Litres | 2700 | 2600 | 2800 | 2600 | 2675 | 2700 | 2600 | 2800 | 2600 | 2675 | |
Gallon of Palm Oil | Local | 25 Litres | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | 13000 | |
Gallon of Vegetable Oil | Local | 5 Litres | 3400 | 3400 | 3500 | 3400 | 3425 | 3400 | 3400 | 3500 | 3400 | 3425 | |
Gallon of Vegetable Oil | Local | 25 Litres | 16000 | 17000 | 17000 | 16500 | 16625 | 16000 | 17000 | 17000 | 16500 | 16625 | |
Gallon of Vegetable Oil | Kings | 5 Litres | 3200 | 3000 | 3000 | 2800 | 3000 | 3200 | 3000 | 3000 | 2800 | 3000 | |
Gallon of Vegetable Oil | Wesson | 5 Litres | 4500 | 3900 | 3900 | 4300 | 4150 | 4500 | 3900 | 3900 | 4300 | 4150 | |
Gallon of Vegetable Oil | Mamador | 3.8 Litres | 2500 | 2450 | 2500 | 2800 | 2562.5 | 2500 | 2450 | 2500 | 2800 | 2562.5 | |
Gallon of Vegetable Oil | Power | 3 Litres | 1900 | 1800 | 1800 | 2200 | 1925 | 1900 | 1800 | 1800 | 2200 | 1925 | |
Bunch of Plaintain | Plantain | 1 Big Bunch | 500 | 600 | 500 | 600 | 550 | 500 | 600 | 500 | 600 | 550 | |
Bag of Flour | Dangote | 50kg | 13600 | 13600 | 13800 | 14000 | 13750 | 13600 | 13600 | 13800 | 14000 | 13750 | |
Bag of Flour | Honey well | 50Kg | 14000 | 13600 | 14000 | 14200 | 13950 | 14000 | 13600 | 14000 | 14200 | 13950 | |
Bag of Flour | Mama Gold | 50kg | 13800 | 13600 | 14000 | 14000 | 13850 | 13800 | 13600 | 14000 | 14000 | 13850 | |
Milk | Peak Powdered (Tin) | 400g | 1200 | 1300 | 1200 | 1250 | 1237.5 | 1200 | 1300 | 1200 | 1250 | 1237.5 | |
Milk | peak Powdered(Tin) | 900g | 2800 | 2750 | 2700 | 2750 | 2750 | 2800 | 2750 | 2700 | 2750 | 2750 | |
Milk | Peak milk (Refill) | 500g | 1200 | 1100 | 1200 | 1200 | 1175 | 1200 | 1100 | 1200 | 1200 | 1175 | |
Milk | Dano Powdered (Tin) | 500g | 1200 | 1200 | 1100 | 1200 | 1175 | 1200 | 1200 | 1100 | 1200 | 1175 | |
Milk | Dano Powdered(Tin) | 900g | 2600 | 2500 | 2400 | 2500 | 2500 | 2600 | 2500 | 2400 | 2500 | 2500 | |
Milk | Dano (Refill) | 500g | 1000 | 950 | 1000 | 1000 | 987.5 | 1000 | 950 | 1000 | 1000 | 987.5 | |
Milk | ThreeCrown (Refill) | 380g | 800 | 750 | 800 | 750 | 775 | 800 | 750 | 800 | 750 | 775 | |
Milk | Loya Powdered (Tin) | 400g | 1000 | 1100 | 1100 | 1050 | 1062.5 | 1000 | 1100 | 1100 | 1050 | 1062.5 | |
Milk | Loya (Refill) | 400g | 900 | 800 | 850 | 800 | 837.5 | 900 | 800 | 850 | 800 | 837.5 | |
Milk | Coast (Refill) | 500g | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | |
Cocoa Beverages | Milo (Tin) | 500g | 1500 | 1450 | 1500 | 1450 | 1475 | 1500 | 1450 | 1500 | 1450 | 1475 | |
Cocoa Beverages | Milo (Tin) | 1kg | 2500 | 2450 | 2400 | 2500 | 2462.5 | 2500 | 2450 | 2400 | 2500 | 2462.5 | |
Cocoa Beverages | Milo Refill | 500g | 1100 | 1100 | 1000 | 1100 | 1075 | 1100 | 1100 | 1000 | 1100 | 1075 | |
Cocoa Beverages | Bournvita Refill | 500g | 1300 | 1300 | 1200 | 1300 | 1275 | 1300 | 1300 | 1200 | 1300 | 1275 | |
Cocoa Beverages | Bournvita (Plastic) | 900g | 2200 | 2200 | 2300 | 2200 | 2225 | 2200 | 2200 | 2300 | 2200 | 2225 | |
Cocoa Beverages | Ovaltine Refill | 500g | 1000 | 900 | 1000 | 950 | 962.5 | 1000 | 900 | 1000 | 950 | 962.5 | |
Cocoa Beverages | Ovaltine(Plastic) | 500g | 1500 | 1500 | 1450 | 1400 | 1462.5 | 1500 | 1500 | 1450 | 1400 | 1462.5 | |
Coffee | Nescafe Classic | 50g | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | 600 | |
Tea | Lipton Yellow label | 52g | 300 | 290 | 300 | 300 | 297.5 | 300 | 290 | 300 | 300 | 297.5 | |
Tea | Top tea | 52g | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | |
Sugar | St' Louis Sugar(Cube) | 500g | 600 | 600 | 600 | 550 | 587.5 | 600 | 600 | 600 | 550 | 587.5 | |
Sugar | Golden Penny Sugar (cube) | 500g | 400 | 350 | 400 | 400 | 387.5 | 400 | 350 | 400 | 400 | 387.5 | |
Bread | Val-U | 1 loaf | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | |
Bread | Butterfield | 1 loaf | 450 | 450 | 400 | 450 | 437.5 | 450 | 450 | 400 | 450 | 437.5 | |
Egg | N/A | Crate | 1200 | 1200 | 1250 | 1200 | 1212.5 | 1200 | 1200 | 1250 | 1200 | 1212.5 | |
Bottled Water (Refill) | Cway | Refill | 600 | 650 | 600 | 600 | 612.5 | 600 | 650 | 600 | 600 | 612.5 | |
Juice | 5 Alive | 1 litre | 550 | 550 | 550 | 600 | 562.5 | 550 | 550 | 550 | 600 | 562.5 | |
Juice | Chivita | 1 litre | 550 | 550 | 600 | 550 | 562.5 | 550 | 550 | 600 | 550 | 562.5 | |
Gas | Refilling | 12.5kg | 4000 | 4000 | 3900 | 4000 | 3975 | 4000 | 4000 | 3900 | 4000 | 3975 | |
Gas | Refilling | 5kg | 1700 | 1800 | 1800 | 1700 | 1750 | 1700 | 1800 | 1800 | 1700 | 1750 | |
Tomatoes | Big Basket | round shaped | 6500 | 6500 | 15000 | 15000 | |||||||
Tomatoes | Medium Basket | round shaped | 3000 | 3000 | 8500 | 8500 | |||||||
Tomatoes | Small Basket | round shaped | 2500 | 2500 | 5500 | 5500 | |||||||
Tomatoes | Big Basket | Oval Shaped | NA | 10000 | 10000 | ||||||||
Tomatoes | Small Basket | Oval Shaped | NA | 6000 | 6000 | ||||||||
Fish | Kote (Horse Mackerel) | 1 kg | 650 | 600 | 600 | 600 | 612.5 | 650 | 600 | 600 | 600 | 612.5 | |
Fish | Titus (Mackerel) | 1 kg | 600 | 650 | 650 | 650 | 637.5 | 600 | 650 | 650 | 650 | 637.5 | |
Pepper | Big bag | 8000 | 7500 | 7750 | 20000 | 20000 | |||||||
Pepper | Medium bag | 4000 | 3500 | 3750 | 10000 | 10000 | |||||||
Maize | Yellow | 25000 | 22000 | 23000 | 23333.333333333 | 25000 | 22000 | 23000 | 23333.333333333 | ||||
Maize | White | 25000 | 22500 | 22000 | 23166.666666667 | 25000 | 22500 | 22000 | 23166.666666667 | ||||
Melon | Big bag | 45000 | 45000 | 45000 | 43500 | 43500 | 43500 | ||||||
Onions | Big bag | Dry Onions | 26000 | 17000 | 21500 | 94000 | 97000 | 95500 | |||||
Onions | Big bag | New Onions | 20000 | 13000 | 16500 | 65000 | 65000 | 65000 | |||||
Bush mango seed | (Ogbono) | 1 big bag | 105000 | 105000 | 115000 | 115000 | |||||||
Frozen food | Full chicken | Carton | 14000 | 14500 | 14000 | 14000 | 14125 | 14500 | 14000 | 14000 | 14166.666666667 | ||
Frozen food | Chicken lap | Carton | 13500 | 14000 | 14000 | 14000 | 13875 | 14000 | 14000 | 14000 | 14000 | ||
Frozen food | Turkey | Carton | 18000 | 18500 | 19000 | 18500 | 19000 | 19000 | 19000 | 19000 | |||
Crayfish | Nylon | 14000 | 14500 | 14250 | 12500 | 13500 | 13000 |
About Nairametrics Food Price Survey
Nairametrics Food Price Watch is a bi-weekly Household Market Survey that covers the prices of major food items in Nigeria, with emphasis on five major markets in Lagos – Mushin market, Daleko market, Oyingbo market, Idi-Oro market, and Mile 12 market.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
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- 2020 FY Results: Cornerstone Insurance Plc reports a 61.1% decline in profit
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- 2020 FY Results: Nigerian Breweries reports a 54.3% decline in profits in 2020
- Abbey Mortgage Bank projects N51.08 million profit in Q2 2020.
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Sekou
September 17, 2020 at 6:20 am
I wish we could read the whole of this report. a third of the content does not fit in the page and there is no scrolling bar
E H
September 17, 2020 at 11:31 am
Same here. Content on visible via mobile.