Nigeria Sees Rise in Rice Prices Amid Food Inflation
In Nigeria, rice prices have seen recent adjustments, with imported varieties becoming more expensive while locally manufactured rice prices have remained unchanged. As of October, a 50kg bag of imported long-grain rice is priced at N53,375, up from N53,281.25 in September, marking an increase of N93.75.
Imported short-grain rice also saw a price rise, now costing N50,800 compared to N50,712.50 previously. In contrast, Nigerian manufactured rice remains at N51,285.71 per 50kg bag.
Similar trends are observed in the 25kg category, where a 25kg bag of rice is now N26,687.50, up from N26,640.63. The National Bureau of Statistics (NBS) reported that Nigeria's food inflation has reached 20.31%, the sixth consecutive monthly increase, attributed to rising prices of various food items, including rice.
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