Lagos Onion Prices Surge Over 200% Amid Supply Crisis
Onion prices in Lagos have increased by over 200%, attributed to acute supply shortages caused by flooding in major producing states, including Sokoto, Kebbi, Zamfara, Kano, Kaduna, Katsina, and Adamawa. The National Onion Producers, Processors and Marketers Association of Nigeria (NOPPMAN) has indicated that these flooding disasters, along with rising seed costs, have significantly impacted supply.
Currently, a bag of onions is priced between N150,000 and N250,000, depending on size or variety, compared to the previous price range of N50,000 to N70,000 in May. Ibrahim Idris, a wholesaler at Oyingbo Market, noted that the increase in prices is also partly due to the heightened costs of transporting onions from northern Nigeria to Lagos.
Plus234Feed summary based on reporting from BusinessDay. Read the original report below.
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