Foreign Rice price in Lagos today
Foreign Rice costs a median of ₦6,000 per painter across 4 markets in Lagos State as of 7 October 2026. Prices range from ₦4,500 at Mile 12 Market to ₦6,500 at Century Market. The price has fallen 7.7% over the past 90 days.
Median price · Lagos State
₦6,000per painter
-7.7%over 90 days
- Lowest
- ₦4,500 Mile 12 Market
- Typical range
- ₦5,625 – ₦6,125 middle 50% of markets
- Highest
- ₦6,500 Century Market
- Markets covered
- 4 mean ₦5,750
Latest insights
Foreign Rice prices at Lagos markets
| Market | State | Price per painter | vs cheapest | Insight date |
|---|---|---|---|---|
| Mile 12 Market | Lagos | ₦4,500 | cheapest | |
| Ajah Market | Lagos | ₦6,000 | +33.3% | |
| Mushin Market | Lagos | ₦6,000 | +33.3% | |
| Century Market | Lagos | ₦6,500 | +44.4% |
Price history — last 90 days
Median price moved from ₦6,500 per painter in 20 Jul 2026 to ₦6,000 in 5 Oct 2026.
View the weekly figures
| Week of | Median | Lowest | Highest | Observations |
|---|---|---|---|---|
| ₦6,500 | ₦6,500 | ₦6,500 | 3 | |
| ₦6,500 | ₦6,500 | ₦6,500 | 2 | |
| ₦6,500 | ₦6,500 | ₦6,500 | 3 | |
| ₦6,000 | ₦6,000 | ₦6,500 | 3 | |
| ₦5,500 | ₦5,500 | ₦5,500 | 3 | |
| ₦6,000 | ₦6,000 | ₦6,000 | 3 | |
| ₦6,000 | ₦6,000 | ₦6,000 | 3 | |
| ₦6,500 | ₦6,500 | ₦6,500 | 3 | |
| ₦6,500 | ₦6,500 | ₦6,500 | 3 | |
| ₦6,000 | ₦6,000 | ₦6,500 | 3 | |
| ₦6,000 | ₦6,000 | ₦6,500 | 5 | |
| ₦6,000 | ₦6,000 | ₦6,500 | 3 |
Understanding Foreign Rice prices in Lagos State
Why Foreign Rice prices vary so much
Foreign Rice costs 44% more at Century Market (₦6,500) than at Mile 12 Market (₦4,500) — a difference of ₦2,000 per painter 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 ₦6,500 to ₦6,000 per painter — a change of 7.7%. 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 painter, 50kg bag, derica. We never average across units — a price per painter and a price per 50kg bag 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.
All figures are medians of prices recorded in Nigerian markets, published in Naira.