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Nigerian Food Market News

Weekly intelligence from NBS, AFEX, WFP, CBN and leading Nigerian commodity desks — price movements, supply chain updates and policy changes affecting your market.

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5 articles in Price Movement

PRICE MOVEMENT

Post-Ramadan Tomato Price Surge Forecast as Kano-Kaduna Harvest Glut Ends

The National Tomato Growers, Processors and Marketers Association of Nigeria (NATPAN) warned on 14 March that tomato prices are set to rise sharply after Ramadan as the dry-season harvest glut winds down. Kaduna State chairman Rabiu Zuntu confirmed a 50kg basket now sells for ?20,000 in northern markets — up from ?5,000–?8,000 just weeks earlier — and expects southern market prices to reach ?30,000–?40,000. The glut that had flooded Mile 12 and Oyingbo markets since January is over. Wet-season planting preparations are underway in the Kano-Kaduna corridor, with rains expected around April, but a supply gap of four to six weeks is anticipated before new stock arrives.

tomatoespepper
Legit.ng
PRICE MOVEMENT

NBS February 2026 Food Price Watch Due: Analysts Expect Continued Moderation

Analysts surveyed ahead of the February 2026 NBS Selected Food Price Watch — due for release in mid-March — expect food inflation to remain in single digits for the second consecutive month, continuing the trend from January's 8.89% reading. BusinessDay economists forecast the February reading will come in between 8.5% and 9.2%, supported by stable naira, post-harvest supply from the north and muted demand following post-festive contraction. However, the Ramadan demand uptick in March and the expected tomato supply gap after the dry-season harvest could reverse the trend in Q2 2026.

ricebeanstomatoesonions+2 more
BusinessDay
PRICE MOVEMENT

New Market Prices: Rice at ?75,000, Beans at ?60,000, Onions Surge to ?90,000 per Bag

A market survey across major Nigerian cities in the second week of March found rice at ?75,000 (long grain) and ?55,000 (short grain) per bag, while beans held at ?60,000 per bag. The most notable movement was in onions, which jumped to ?90,000 per bag from ?70,000 — a 29% increase attributed to logistics disruptions on the Sokoto-Lagos corridor. In Kano, fresh produce remained stable with tomatoes at ?800 per bowl. Market analysts noted that overall food prices remain well below 2025 Ramadan levels and the broad consumer relief from the January NBS data is still largely intact.

ricebeansonionstomatoes
Legit.ng
PRICE MOVEMENT

Ramadan 2026: Mixed Price Signals Across Nigerian Markets as Fasting Season Begins

As Nigeria's Muslim population began Ramadan in early March, market surveys across Abuja, Lagos and Kano showed divergent price movements. In Abuja, beans surged from ?50,000 to ?90,000 per bag while maize rose sharply in Taraba and Kaduna. Lagos and Kano markets remained relatively calm — a bag of tomatoes held at ?36,000, long grain rice at ?75,000 and beans at ?60,000. In Kano, fresh tomatoes sold at ?800 per bowl and onions at ?2,000, with only minor adjustments from pre-Ramadan levels. Traders attributed northern stability to abundant dry-season harvests, while southern pressure reflected logistics bottlenecks.

ricebeanstomatoesonions+1 more
Daily Trust
PRICE MOVEMENT

Nigeria Food Inflation Hits 10-Year Low at 8.89% — NBS January 2026 Report

The National Bureau of Statistics released its January 2026 Selected Food Price Watch showing food inflation fell to 8.89%, the first single-digit reading since May 2015. Local rice dropped 10.94% year-on-year to ?1,841.83/kg, while brown beans plunged 48.65% to ?1,262.43/kg. Onions declined 17.87% and tomatoes eased 5.25% annually. Economists attribute the moderation to naira stability, post-harvest supply and government import waivers, though analysts warn the trend depends on exchange rate stability and farmer confidence in the 2026 planting cycle.

ricebeansonionstomatoes+1 more
NBS

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