Food items remain on the high in the past month, according to the reports gathered by BrandSpur in key markets across Nigeria, we saw prices fluctuate on weekly basis on different food commodities.
The BrandSpur food index for the price of Onions rose by a whopping 26% in the last four weeks (October 12, 2017 – November 9, 2017)
Here are the key highlights of our Food price check:
- The prices of Garri (white), palm oil, Sorghum and Soya beans remain stable in the past one month, while the prices of onion (100kg bag) changes almost on a weekly prices with major hits in Lagos (+26%) and Ibadan (+35%) despite being an essential in almost every meal due to its taste and health benefits.
- The constant increase in prices can mostly be attributed to distribution cost which is spread on each bag of these items as prices of food items in Kano remained relatively stable while prices of commodities like Garri moved from N9,500/ 60kg bag to N5,767, a dip of about -39%.
- While several factors contribute to the prices of commodities in the market, retail prices of these food items vary from stall to stall in each market with different measurements being used in displaying the item.
- Prices of food items/kg remain relatively stable across different markets in Nigeria, despite the rise at the wholesalers’ end, it is unbelievable that retailers are willing to spread the additional cost rather than adding it to existing prices. Only the price of onion had a significant increase in Lagos and Delta while the price of beans increased in Kano within the past 1 month.
WHOLESALE PRICE SUMMARY
| DETAILS | WHOLESALE | |||||||
| LOCATION | MARKET | COMMODITY | Bag (Kg) | Price (N) Week 1 | Price (N) Week 2 | Price (N) Week 3 | Price (N) Week 4 | Index (Week 4 vs 1) |
| Oyo State. | Bodija Market | Drum Beans (Olotu) | 100Kg | 39,000 | 39,000 | 38,833 | 38,000 | 97% |
| Garri (White) | 100Kg | 18,000 | 16,667 | 14,000 | 14,000 | 78% | ||
| Groundnut (Edible) | 100Kg | 29,333 | 28,000 | 28,000 | 28,000 | 95% | ||
| Maize (White) | 100Kg | 13,500 | 10,750 | 9,500 | 9,500 | 70% | ||
| Onion (Violet) | 100Kg | 30,833 | 40,167 | 41,500 | 135% | |||
| Palm oil (Red) | 25Ltr | 14,000 | 14,000 | 14,000 | 14,000 | 100% | ||
| Rice (Imported) | 50Kg | 14,333 | 15,217 | 13,967 | 13,250 | 92% | ||
| Sorghum (Red) | 100Kg | 19,000 | 19,000 | 19,000 | 19,000 | 100% | ||
| Soya Beans | 100Kg | 18,833 | 17,833 | 17,500 | 17,500 | 93% | ||
| Kano State. | Dawanau Market | Drum Beans (Olotu) | 100Kg | 24,400 | 23,600 | 22,800 | 25,600 | 105% |
| Garri (White) | 60Kg | 9,500 | 9,560 | 7,800 | 5,767 | 61% | ||
| Groundnut (Edible) | 100Kg | 19,000 | 20,000 | 21,467 | 20,933 | 110% | ||
| Maize (White) | 100Kg | 9,050 | 9,720 | 9,333 | 9,100 | 101% | ||
| Onion (Violet) | 100Kg | 8,200 | 8,240 | 8,000 | 8,767 | 106% | ||
| Palm oil (Red) | 25Ltr | 13,050 | 12,840 | 12,567 | 12,133 | 93% | ||
| Rice (Imported) | 50Kg | 13,450 | 13,320 | 13,400 | 13,217 | 98% | ||
| Sorghum (Red) | 100Kg | 14,800 | 13,440 | 12,867 | 11,767 | 80% | ||
| Soya Beans | 100Kg | 15,050 | 14,400 | 13,833 | 12,900 | 86% | ||
| Delta State. | Igbudu Market | Drum Beans (Olotu) | 100Kg | 33,000 | 33,000 | 33,000 | 33,000 | 100% |
| Groundnut (Edible) | 100Kg | 37,000 | 37,000 | 37,000 | 37,000 | 100% | ||
| Maize (White) | 100Kg | 19,000 | 19,000 | 19,800 | 22,333 | 118% | ||
| Onion (Violet) | 100Kg | 20,000 | 18,000 | 18,400 | 21,167 | 106% | ||
| Palm oil (Red) | 25Ltr | 8,000 | 8,000 | 8,000 | 8,000 | 100% | ||
| Rice (Imported) | 50Kg | 17,000 | 17,000 | 17,000 | 17,333 | 102% | ||
| Sorghum (Red) | 100Kg | 23,000 | 23,000 | 23,000 | 23,000 | 100% | ||
| Soya Beans | 100Kg | 23,000 | 23,000 | 23,000 | 23,000 | 100% | ||
| Lagos State. | Mile 12 Market | Drum Beans (Olotu) | 100Kg | 45,167 | 45,000 | 44,800 | 45,000 | 100% |
| Garri (White) | 60Kg | 17,000 | 16,333 | 15,400 | 14,333 | 84% | ||
| Groundnut (Edible) | 100Kg | 23,000 | 22,500 | 22,800 | 24,833 | 108% | ||
| Maize (White) | 100Kg | 15,000 | 14,250 | 15,200 | 15,000 | 100% | ||
| Onion (Violet) | 100Kg | 27,500 | 34,750 | 32,600 | 34,571 | 126% | ||
| Palm oil (Red) | 25Ltr | 9,500 | 9,333 | 9,200 | 9,167 | 96% | ||
| Rice (Imported) | 50Kg | 14,667 | 14,500 | 14,100 | 13,600 | 93% | ||
| Sorghum (Red) | 100Kg | 16,667 | 16,000 | 16,000 | 15,500 | 93% | ||
| Soya Beans | 100Kg | 15,833 | 14,250 | 15,000 | 16,167 | 102% | ||
| Enugu State. | Ogbete Market | Drum Beans (Olotu) | 100Kg | 30,500 | 29,667 | 29,667 | 29,500 | 97% |
| Garri (White) | 100Kg | 13,500 | 13,000 | 13,000 | 13,000 | 96% | ||
| Groundnut (Edible) | 100Kg | 30,000 | 30,500 | 30,500 | 35,600 | 119% | ||
| Maize (White) | 100Kg | 18,000 | 18,667 | 18,667 | 19,500 | 108% | ||
| Palm oil (Red) | 20Ltr | 7,500 | 7,500 | 7,500 | 7,500 | 100% | ||
| Rice (Imported) | 50Kg | 16,250 | 16,000 | 16,000 | 16,000 | 98% | ||
| Sorghum (Red) | 100Kg | 20,000 | 19,500 | 19,500 | 19,900 | 100% | ||
| Soya Beans | 100Kg | 19,000 | 19,417 | 19,417 | 19,800 | 104% | ||
RETAIL PRICE INDEX/KG
The table below gives more information on prices at the retail end of this period:
| DETAILS | RETAILER | ||||||
| Week 1 | Week 2 | Week 3 | Week 4 | Index (Week 4 vs Week 1) | |||
| LOCATION | MARKET | COMMODITY | P/kg (N) | P/kg (N) | P/kg (N) | P/kg (N) | |
| Oyo State. | Bodija Market | Drum Beans (Olotu) | 445 | 445 | 445 | 445 | 100% |
| Garri (White) | 150 | 139 | 117 | 117 | 100% | ||
| Groundnut (Edible) | 248 | 236 | 236 | 236 | 100% | ||
| Maize (White) | 175 | 138 | 125 | 125 | 100% | ||
| Onion (Violet) | 533 | – | – | – | – | ||
| Palm oil (Red) | 417 | 533 | 533 | 533 | 100% | ||
| Rice (Imported) | 203 | 444 | 431 | 417 | 97% | ||
| Sorghum (Red) | 247 | 203 | 203 | 203 | 100% | ||
| Soya Beans | 231 | 225 | 225 | 100% | |||
| Kano State. | Dawanau Market | Drum Beans (Olotu) | 250 | 242 | 234 | 262 | 112% |
| Garri (White) | 290 | 296 | 269 | 260 | 97% | ||
| Groundnut (Edible) | 231 | 243 | 261 | 254 | 97% | ||
| Maize (White) | 92 | 98 | 92 | 89 | 97% | ||
| Onion (Violet) | – | – | – | – | – | ||
| Palm oil (Red) | 697 | 672 | 656 | 631 | 96% | ||
| Rice (Imported) | 286 | 270 | 272 | 273 | 100% | ||
| Sorghum (Red) | 143 | 130 | 125 | 112 | 90% | ||
| Soya Beans | 162 | 159 | 154 | 144 | 94% | ||
| Delta State. | Igbudu Market | Drum Beans (Olotu) | 432 | 432 | 432 | 432 | 100% |
| Groundnut (Edible) | 486 | 486 | 486 | 486 | 100% | ||
| Maize (White) | 262 | 262 | 267 | 286 | 107% | ||
| Onion (Violet) | 328 | 306 | 310 | 340 | 110% | ||
| Palm oil (Red) | 533 | 533 | 533 | 533 | 100% | ||
| Rice (Imported) | 424 | 424 | 424 | 428 | 101% | ||
| Sorghum (Red) | 287 | 287 | 287 | 287 | 100% | ||
| Soya Beans | 311 | 311 | 311 | 311 | 100% | ||
| Lagos State. | Mile 12 Market | Drum Beans (Olotu) | 405 | 405 | 405 | 405 | 100% |
| Garri (White) | 207 | 207 | 207 | 207 | 100% | ||
| Groundnut (Edible) | 303 | 303 | 303 | 303 | 100% | ||
| Maize (White) | 154 | 154 | 154 | 154 | 100% | ||
| Onion (Violet) | 250 | 250 | 250 | 292 | 117% | ||
| Palm oil (Red) | 533 | 533 | 533 | 533 | 100% | ||
| Rice (Imported) | 341 | 321 | 310 | 297 | 96% | ||
| Sorghum (Red) | 208 | 199 | 182 | 177 | 97% | ||
| Soya Beans | 267 | 242 | 233 | 218 | 94% | ||
| Enugu State. | Ogbete Market | Drum Beans (Olotu) | 464 | 424 | 424 | 419 | 99% |
| Garri (White) | 259 | 241 | 241 | 241 | 100% | ||
| Groundnut (Edible) | 528 | 542 | 542 | 458 | 85% | ||
| Maize (White) | 258 | 275 | 275 | 296 | 108% | ||
| Palm oil (Red) | 533 | 533 | 533 | 533 | 100% | ||
| Rice (Imported) | 393 | 387 | 387 | 387 | 100% | ||
| Sorghum (Red) | 250 | 238 | 238 | 248 | 104% | ||
| Soya Beans | 223 | 237 | 237 | 247 | 104% | ||
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