With the fast-approaching Christmas, Nigerians are gearing up for a likely surge in the prices of essential food items such as rice, beans, tomatoes, and other staples.
Market trends suggest that the festive period, often marked by bulk buying and panic purchases, may lead to significant price increases nationwide.
Traders at major markets have expressed concerns about the anticipated hikes, citing increased demand and potential supply chain disruptions as key factors.
The looming price hikes have sparked calls for government intervention to prevent unfair practices and ensure food affordability.
Stakeholders urge the government to monitor market activities and address potential exploitation by unscrupulous traders.
As the holidays draw near, many Nigerians adjust their budgets to accommodate the expected increases.
Here is the price of major food commodities this week:
Price Of Bag Of Rice
My Choice Bag of Rice – ₦96,000
Bag of Mama’s Pride Rice – ₦95,000
Bag of Rice Long Grain 50kg – ₦98,000
Khemji Bag of Rice – ₦103,000
25kg Bag of Rice – ₦47,500
Price Of Bag Of Beans
Sweet Pure Butter Beans 50kg – ₦160,000
Brown Beans 50kg From Maiduguri – ₦90,000
Soyabeans Very Dried – ₦130,000
Peleed Beans for Moi Moi 20kg – ₦80,000
Neat and Picked Pure Oloyin Sweet Beans 2.5kg – ₦8,500
Price Of Bag Of Garri
One Paint Of Garri – ₦3,900
Bag Of Garri 50kg – ₦55,000
100 kg Bag of Garri – ₦100,000
Tomatoes
Fresh derica tomatoes Big basket – ₦180,000
Medium basket – ₦95,000
Small basket – ₦40,000
Royal Sun Plum Tomatoes By 24 Cans – ₦32,000
Price Of Spaghetti
Golden Penny Spaghetti (500g × 20) cartoon – ₦28,000
Price Of Palm Oil
5 litre gallon – ₦8,500
25 litre gallon – ₦56,500
Onions
One bag – ₦180,000
Irish Potatoes
One Basket – ₦75,000
