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 ago

September 17, 2020

Alert: Tomato prices are up by over 80% in these Lagos markets, Prices of flour, rice, beans, tomatoes, pepper, others jump, as low patronage hits major markets

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.

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.

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.

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.

Research Team

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.

2 Comments

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
Reply
E H
September 17, 2020 at 11:31 am
Same here. Content on visible via mobile.
Reply

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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 ago

February 18, 2021

Analysts Nairametrics

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 ago

January 15, 2021

Research Team

prices of food items, SBM Jollof Index, Smuggling of imported rice hits Lagos major markets, as residence brace for shutdown

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

Prices of flour, rice, beans, tomatoes, pepper, others jump, as low patronage hits major markets

Research Analysis

Prices of flour, rice, beans, tomatoes, pepper, others jump, as low patronage hits major markets

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Research Analysis

Chart of the day: It’s a V Shaped Recovery

Why this matters

Exclusives

Prices of local rice, onions, tomatoes, others crash as foreign rice continues to ease off

Items that witnessed price increase

Items that witnessed price decrease

Items that maintained initial prices

Special markets/items

Market insights

About Nairametrics Food Price Survey

Nairametrics | Company Earnings