• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Exclusives

Price of beans, pepper, tomatoes, surges in Lagos markets as local and foreign rice eases off

Research Team by Research Team
March 19, 2021
in Exclusives, Research Analysis, Spotlight
Quality of local rice improves as food prices drop across major markets Prices of major household items on the high as weather condition limits harvest, Onions, Pepper, Yam, others increase across various Lagos markets as dealers lament low sales, Traders bag imported rice in local bags, as prices of onions, Ppepper, others drop
Share on FacebookShare on TwitterShare on Linkedin

The prices of major food items, such as bags of beans, pepper, tomatoes, eggs amongst others have witnessed a significant surge in Lagos State markets, while the price of local and foreign rice record a slight decrease.

This is according to the latest market survey, carried out by Nairalytics Research – the research arm of Nairametrics. 

According to the report, a big bag of brown beans that was initially sold for an average of N33,500, rose by 3.7% to sell for an average of N34,750. Also, the price of a big bag of honey beans increased by 7.02% to sell for an average of N24,750.

RelatedStories

Food Security, US investment in Nigeria, Food Inflation, Foreign Investment, Economy

Average price of farm produce surges by 28.98% in five months 

June 21, 2025
Food Inflation, Insecurity, Supply Chain Issues,

Food Price: Dry onions up 17.65%, pepper down 29.41% as Lagos markets swing in June 2025 

June 17, 2025

READ: Exclusive: No more N100 a plate meal in Nigeria

Similarly, the price of a crate of egg, spiked by 12.7% to sell for an average of N1,438 compared to an initial average of N1,275, while a big basket of round shaped tomatoes now sells for an average of N8,000.

Meanwhile, the price of local and foreign rice has eased off, compared to the price recorded two weeks ago as Royal Stallion rice (foreign) now sells for an average of N24,500 as against an initial average of N25,375 while Mama’s Pride rice sells for an average of N22,625.

This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights. 

READ: CBN says monetary policy not to blame for rising food cost

Items that witnessed price increase 

  • A 50kg bag of honey beans (Oloyin) that was sold for an average of N23,125 two weeks ago has recorded a 7.02% increase in price to sell for an average of N24,750. 
  • Also, a 50kg bag of white beans now sells for an average of N50,000. This represents a 1.4% increase when compared to an average of N49,333 recorded two weeks ago.
  • A bag of brown beans (50kg) that was initially sold for an average of N33,500 now sells for an average of N34,750 indicating an increase of 3.7%. 
  • A 50kg bag of white garri now sells for an average of N11,625 from an initial average of N10,750. This represents an increase of N8.14% in price. Also, a bag of yellow garri of the same size increased by 2.25% to sell for an average of N11,375.
  • Crate of egg that was initially sold for an average of N1,275, now sells for an average of N1,438 indicating a 12.7% increase in price.6% 
  • Refiling of household cooking gas also increased as a 12.5kg cylinder is now filled for an average of N4,700 as against an initial average of N3,975. This represents an increase of 18.2%.
  • Also, a 5kg cylinder that was initially filled for an average of N1,750, increased by 8.6% to an average of N1,900 in February 2021. 
  • A big basket of round shaped tomatoes now sells for an average of N8,000. A 33.3% increase, when compared to an average of N6,000, recorded two weeks ago.
  • The price of a medium-sized basket of round shaped tomatoes also surged by 50% to sell for an average of N4,500 while a small basket sells for an average of N2,500. 
  • A big bag of pepper now sells for an average of N117,000 compared to an initial average of N7,250 recorded in the last survey. The price of a medium-sized bag of pepper also increased by 114%% to sell for an average of N7,500. 
  • A nylon of Crayfish that was initially sold for an average of N14,750 has now increased by 13.6% in Lagos markets to sell for an average of N16,750.
  • The price of a 25 litres gallon of groundnut oil increased by 8.3% to sell for an average of N19,625 compared to an initial average of N18,125 while a 5 lires gallon sells for an average of N3,675.
  • A carton of Indomie noodles (Belle full) increased by 7.66% to sell for an average of N3.513 while a carton of Hungry man-size Indomie noodles currently sells for an average of N3,338.

READ: Nigeria’s inflation hits 16.47% as food prices soar to record high

Items that witnessed price decrease 

  • The price of a 50kg bag of Royal Stallion rice decreased by 3.4% to sell for an average of N24,500 compared to an initial average of N25,375.
  • A 50kg bag of Caprice also declined by 2.5% in price to sell for an average of N24,500 as against an initial average of N25,125. The price of Mama’s Pride rice dipped by 4.2% to sell for an average of N22,625.
  • A big sized tuber of yam that was initially sold for an average of N1,000 now sells for an average of N900 indicating a decline in price by 10%. 
  • Also, the price of a medium-sized tuber of yam also reduced by 4.3% to sell for an average of N563. 
  • The price of an 80kg bag of garri (Ijebu) decreased marginally by 1.7% to sell for an average of N14,125 as against an initial average of N14,375. 
  • A big basket of Irish potatoes now sells for an average of N15,500 compared to an initial average of N17,000 recorded two weeks ago. This represents an 8.8% decrease in price. 
  • The price of a big bag of yellow maize reduced by 7.6% to sell for an average of N22,750 while white maize of the same size sells for an average of N23,375. 
  • A big bag of melon now sells for an average of N43,000 representing a marginal decline from an initial average of N43,500 recorded in the previous report.
  • The price of a big bag of dry onions reduced by 24.2% to sell for an average of N12,500 compared to an initial average of N16,500, while a bag of new onion currently sells for an average of N10,500.

READ: Nigeria’s food Inflation rises by 110.5% in five years

Items that maintained initial prices

  • A big bag of bush mango seed (Ogbono) continues to sell for an average of N120,000, the same as recorded two weeks ago.
  • A big basket of sweet potatoes sells for an average of N6,500, the same as recorded in the previous report.
  • Also, the small basket and the smallest size basket of sweet potatoes still sell for an average of N725 and N350 respectively. 
  • A 50kg bag of Dangote flour sells for an average of N13,370, Honey well (N13,950), while Mama Gold sells for an average of N13,850.
  • A carton of full chicken sells for an average of N14,125, Chicken lap also sells for an average of N13,875 while a carton of turkey is sold for an average of N18,500. 
  • Amongst the list of food items that maintained their initial prices include: noodles, beverages, cocoa drinks, sugar, water, and juice. 

READ: Why onion has become the “new gold” in Nigeria

Special markets/items

  • The price of egg has been on the increase since December 2020 and has been attributed to the increasing price of Chicken and their feeds. In a conversation with an egg supplier at Daleko market, she explained to Nairalytics that the increase in the price of items used in the making of chicken feeds such as maize, soya beans has caused the unavoidable increase in the price of chicken, consequently affecting the cost of eggs.
  • Meanwhile, a visit to Daleko market in Lagos State revealed that members of the Nigerian Customs service raided the market and seized bags of foreign rice found in the market. This was disclosed by our correspondent in the market who preferred to remain anonymous. She explained that the Custom members came into the market in the middle of the night and carted with bags of foreign rice found in the market.
  • The recent action by the Nigerian Customs Service to curb illegal smuggling of foreign-made rice into the country caused a momentary increase in the price of foreign rice in Lagos markets and as such affected locally made rice, she explained.
  • The price of local and foreign-made rice have however reduced last week and a bag of locally produced rice currently sells for an average of N22,625 while a bag of foreign-made sells for an average of N24,500.

Market insights

  • The increase in the price of tomatoes was attributed to seasonal fluctuations. According to Mrs Salako a trader at Mile-12 market, she explained that “normally the price of tomatoes always spikes during raining season, and it is not a surprise to see the price go up as it has began to rain in most parts of Nigeria.”
  • The increase in the price of tomatoes and pepper came on the back similar increases recorded in the month of February when scarcity of the food item hit various markets in Lagos State as a result of the Northern traders embarking on strike action.
  • According to Mr. Lanre a tomatoes seller at the Mile 12 market in Lagos, he explained that the fresh food items were not transported into the market during this period. “we were not able to receive fresh tomatoes in February, because the union insisted that they will not bring in new products to the south, due to report of killings associated to Yoruba and Fulani herdsman”, He explained.
  • He also explained that a truck transporting goods from the north was destroyed and burnt down Sometime in the month of February, which further instigated the union to embark on strike action and deprive the South of food items. It is worth noting that the issue has been resolved and business has resumed to normal.
  • The increase in the price of crayfish was attributed to fluctuations due to seasonality. According to KC, a trader at Mile-12 market, he explained to Nairalytics that crayfish is currently scarce in the market as a result of the dry weather but hopes the price will normalize in the coming weeks as we enter into raining season.

READ: Household Survey: Palm Oil prices jack up as tomatoes and melon ease off

 

[table id=264 /]

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. 


Follow us for Breaking News and Market Intelligence.
Tags: beansDalekoFeaturedFood inflationFood PriceMarket SurveyMile 12Nigeria NewspepperRiceTomatoes
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

Related Posts

Food Security, US investment in Nigeria, Food Inflation, Foreign Investment, Economy
Economy

Average price of farm produce surges by 28.98% in five months 

June 21, 2025
Food Inflation, Insecurity, Supply Chain Issues,
Economy

Food Price: Dry onions up 17.65%, pepper down 29.41% as Lagos markets swing in June 2025 

June 17, 2025
Food, commodity inflation, food insecurity
Economy

Benue food inflation drops to 22% despite deadly attacks  

June 17, 2025
When you travel to your village, why do you buy yams, palm oil and bananas and return them to your city?
Breaking News

Nigeria’s inflation rate eases to 22.97% in May 2025 

June 16, 2025
When you travel to your village, why do you buy yams, palm oil and bananas and return them to your city?
Breaking News

Nigeria’s inflation rate eases to 23.71% in April 2025 

May 15, 2025
When you travel to your village, why do you buy yams, palm oil and bananas and return them to your city?
Economy

Frozen fish, pepper, and tomatoes price soar to over 100% in Lagos 

April 17, 2025
Next Post
How two brothers started a cannabis business now valued at $1.7 billion

How two brothers started a cannabis business now valued at $1.7 billion

Comments 1

  1. Awuradebasa says:
    March 19, 2021 at 11:45 am

    Population rose from 88 million to 200 million within 40 years so what do you expect?
    The W. H. O recently sent a warning to your president regarding your rampant population growth.
    Pity

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Stock Market Spotlight: BETAGLAS leads with 414% surge, 18 others gain over 100% in H1 2025 
  • Dantata & Sawoe advised to resolve $1.4 Million Dangote project debt in Court
  • Lagos Govt attributes city flash floods to high tides from Atlantic Ocean, Lagos Lagoon 

Follow us on social media:

Recent News

Beta Glass Plc, the glass container industry leader, grows production to optimally serve West and Central African markets

Stock Market Spotlight: BETAGLAS leads with 414% surge, 18 others gain over 100% in H1 2025 

July 9, 2025
Dangote Plant: Dantata and Sawoe accused of failing to settle $1.4 million debt terms 

Dantata & Sawoe advised to resolve $1.4 Million Dangote project debt in Court

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics