Rising Costs: Latest Prices For Rice, Beans, And Key Food Items

As the festive season nears, many people are preparing for potential price hikes in essential food items such as rice, beans, tomatoes, and other staples.

It is a common trend during the holidays, with forecasts suggesting that demand will increase, leading to panic buying and bulk purchases.

Market traders are already expressing concern over the expected price increases, citing factors like higher demand and possible disruptions in supply chains as the main causes.

The fear is that these factors could make basic food items even less affordable for households during the busy holiday season.

Authorities and stakeholders are being urged to monitor the markets closely and ensure that pricing remains fair, so food items remain accessible to all, even as demand rises during this period.

Here are the current prices for key food items:

Rice:

-My Choice Rice (50kg) – ₦96,000

-Mama’s Pride Rice (50kg) – ₦95,000

-Khemji Rice (50kg) – ₦103,000

25kg Bag of Rice – ₦47,500

Beans:

-Sweet Pure Butter Beans (50kg) – ₦160,000

-Soyabeans (Very Dried) – ₦130,000

-Peeled Beans for Moi Moi (20kg) – ₦80,000

-Neat and Picked Oloyin Sweet Beans (2.5kg) – ₦8,500

Garri:

-50kg Bag of Garri – ₦55,000

-100kg 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 (24 Cans) – ₦32,000

Spaghetti:

-Golden Penny Spaghetti (500g × 20) Carton – ₦28,000

Palm Oil:

-5-litre Gallon – ₦7,500

-25-litre Gallon – ₦55,000

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