The price for a 25kg bag of Mama’s Pride Rice is between N13,750 to N18,500, while a 50 kg bag of Mama’s Pride Rice goes for N30,000–N33 000. Why is a bag of rice costly in Nigeria? The average price of rice in Nigeria increased to a record high of N45,000 per 50kg bag in 2022 and stayed at that rate for about three months before it Caprice 50kg Rice – N43,000 to N48,000 Caprice 25kg Rice – N25,500 to N27,500. Prices of Royal Stallion Rice in Nigeria. This rice is marketed by the Stallion Group of Companies, marketers of other Stallion-branded products, including several food items, automobiles, and household items. The cost of maize in Nigeria is heavily influenced by the market you’re purchasing it from. Below are the average prices. A bag of yellow maize (100kg): N16,000- N18,000. A bag of white maize (100kg): N15,500-N18,000. Compared to last year, the price increased between 15 to 20 percent. Nigeria’s rice imports from the Thai Rice Exporters Association (TREA), one of the largest rice exporters in the world, fell by 98.4% to 15 metric tonnes between January and July 2022, as against 957 metric tonnes imported during the corresponding period in 2021. This information is according to data from TREA for January to July 2022, as From research, it has been proven that Nigeria rice is one of the best as the taste and quality. 000 and N30, 000 for a bag of 50kg; while the locally made rice is between N18, 000 and N20 New Arrival: African Queen Rice. ₦22,000.00. African Queen premium long grain rice. Very Clean and stone free. Full 50kg bag. More quantity than what you get at the local market. For retailers and end users, moving very fast, come get yours now at our warehouse at upper Lawani, close to New Benin Market. Or you call 07052219146 to make order Between 2014 and 2016, Nigeria’s rice paddy production figures constantly rose from 6.0 to 6.2 and to 7.5 million metric tonnes respectively. In 2017, Nigeria’s production figure fell to 6.61 mmt, but increased in 2018 to 6.81 mmt. Again, in 2019, it dropped to 5.1 mmt. When compared by government administrations in the last two decades Over the past two decades, rice demand increased at an annual average of 1.2 per cent to reach 481.6 4 million tonnes in 2017. Therefore, the PwC report added: “Nigeria’s mechanization gap provides numerous opportunities for investment across the agricultural value chain. .

how much is 1 bag of rice in nigeria