Foreign Rice price in Nigeria today

Why Foreign Rice prices vary so much

Foreign Rice costs 127% more at Effurun Market (₦110,000) than at Ifo Market (₦48,500) — a difference of ₦61,500 per 50kg bag for the same item.

Most of that gap is transport and distance from where the item is produced or landed. Market size matters too: high-turnover markets buy in larger volumes and sell on thinner margins, while smaller neighbourhood markets carry the cost of a shorter supply chain. Whether a market is primarily wholesale or retail can account for much of the rest.

Is Foreign Rice getting more expensive?

Over the last 90 days the median price has fallen from ₦70,000 to ₦67,500 per 50kg bag — a change of 3.6%. Prices easing usually reflects harvest supply reaching the markets, and that window does not always last.

Which unit is Foreign Rice sold in?

Markets report Foreign Rice in 50kg bag, painter, mudu, 100kg bag. We never average across units — a price per 50kg bag and a price per painter are different figures, and treating them as one number produces something meaningless. Compare like with like, and check the unit before assuming one market is cheaper than another.

Where can you buy Foreign Rice cheapest?

The lowest recorded price is ₦48,500 per 50kg bag at Ifo Market in Ogun. We currently track Foreign Rice across 9 states, with the widest coverage in Lagos, Delta, Abuja. Prices below are the most recent insight from each market — always confirm before travelling for a difference that transport would cancel out.