Nigeria's Rice Prices Drop Significantly in September 2026

In September 2026, rice prices in Nigeria experienced a decline across all major categories, including Nigerian manufactured rice, imported long-grain, and imported short-grain rice. The average price of imported long-grain rice for a 50kg bag fell from N56,093.75 in August to N54,328.13, a decrease of N1,765.62 or 3.1%.
Similarly, Nigerian manufactured rice dropped from N52,250 to N51,571.43, while imported short-grain rice decreased from N52,300 to N50,950. The 25kg segment also saw reductions, with imported long-grain rice falling from N28,203.13 to N26,500, marking a 6% decline.
The downward trend continued in smaller retail measures, with prices for Nigerian-manufactured rice in the 4.15kg and 0.75kg categories also decreasing. Overall, the broad-based nature of these price declines suggests a general softening in rice prices during this period.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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