Market Intelligence

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.

2 articles in Supply Chain

SUPPLY CHAIN

Fuel Costs and End of Harvest Season Put Upward Pressure on Tomato Prices

NATPAN's Kaduna chairman Rabiu Zuntu cautioned traders and consumers on 14 March that rising fuel costs combined with the end of the tomato harvest season are converging to push prices higher. He noted that logistics now account for a disproportionate share of tomato costs, with a 50kg basket selling for ?20,000 at farm gate in the north but ?30,000–?40,000 by the time it reaches southern markets. The association urged the Federal Ministry of Agriculture and Food Security to provide input support ahead of the 2026 wet-season planting round and called on consumers to understand the structural, seasonal nature of tomato supply cycles.

tomatoes
The Trumpet
SUPPLY CHAIN

Farmers Count Losses as NBS Data Shows Sharp Decline in Food Prices

The NBS January 2026 food price report triggered contrasting reactions: consumers celebrated relief while farmers and processors warned of deepening losses. A rice processor noted that farmers who received fertiliser inputs on credit now face offtake prices well below their production costs — some selling rice at ?30,000 per bag after spending ?120,000 to produce it. AFAN warned that sustained price compression could discourage planting in the 2026 cycle, particularly as producer funding gaps widen. Analysts said food price trajectories in H1 2026 hinge on policy coordination, input affordability and farmer confidence ahead of the planting season.

ricebeansmaize
Vanguard

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