Rice

Rice

Overview

Rice is an indispensable part of the Nigerian diet, enjoyed across all regions and ethnic groups. From the Yoruba jollof rice, to the Hausa tuwo shinkafa, and the Igbo ofe akwu paired with rice, this staple food is central to everyday meals and special occasions alike. However, the rising cost of rice has put pressure on household budgets.

National average cost 1kg

Why Is Rice Becoming More Expensive in Nigeria?

  1. High Dependence on Imports: Despite local production efforts, Nigeria still relies heavily on imported rice, especially long-grain parboiled varieties. Changes in international trade policies, global demand, and currency devaluation have contributed to the increasing price of imported rice.

  2. Local Production Challenges: Locally produced rice has seen a boost, especially after the government’s push to encourage local farming. States like Kebbi, Niger, Benue, and Taraba are major rice-producing regions. However, challenges like poor infrastructure, limited access to advanced farming techniques, and post-harvest losses due to inadequate storage affect the volume and quality of local rice, keeping prices relatively high.

  3. Transportation Costs: Moving rice from farms to urban markets is costly due to rising fuel prices and poor road networks. As transportation costs increase, so do the prices of rice in markets across the country, particularly in cities like Lagos, Abuja, and Port Harcourt.

  4. Floods and Climate Change: Climate change and natural disasters like flooding in rice-producing areas have reduced crop yields, affecting the availability and price of rice. In recent years, several rice farms in Kebbi and Kogi States have been severely affected by floods, leading to reduced supply and higher prices.

Types of Rice Available in Nigeria

  1. Local Rice (Ofada and Abakaliki Rice): Locally grown rice varieties such as Ofada rice from Ogun State and Abakaliki rice from Ebonyi State are increasingly popular. These types of rice are often preferred for their unique flavor and nutritional benefits. Local rice is also less processed than imported rice, which means it retains more of its natural nutrients. However, they may be more expensive in urban areas due to limited availability and transportation costs.

  2. Imported Rice (Long-Grain Parboiled Rice): The most common type of rice consumed in Nigeria is long-grain parboiled rice, primarily imported from countries like Thailand, India, and the United States. It is preferred for its long, fluffy grains and ease of cooking, especially for dishes like jollof rice and fried rice. However, it is often more expensive than local varieties.

  3. Brown Rice: Although less popular, brown rice is an excellent choice for health-conscious individuals. It is less processed than white rice, retaining more fiber and nutrients. Brown rice is usually more expensive and less available in local markets, but it’s worth considering for its health benefits.

Three months price trend

Broken Rice (Ofada)

N.CentralN.EastN.WestS.EastS.SouthS.West
0.0k0.5k1.0k1.5k2.0k2.5k3.0k↑ Price in ₦NovDecNovDecNovDecNovDecNovDecNovDec

Rice agric sold loose

N.CentralN.EastN.WestS.EastS.SouthS.West
0.0k0.5k1.0k1.5k2.0k↑ Price in ₦NovDecNovDecNovDecNovDecNovDecNovDec

Rice local sold loose

N.CentralN.EastN.WestS.EastS.SouthS.West
0.0k0.2k0.4k0.6k0.8k1.0k1.2k1.4k1.6k1.8k2.0k↑ Price in ₦NovDecNovDecNovDecNovDecNovDecNovDec

Rice Medium Grained

N.CentralN.EastN.WestS.EastS.SouthS.West
0.0k0.5k1.0k1.5k2.0k↑ Price in ₦NovDecNovDecNovDecNovDecNovDecNovDec

Rice,imported high quality sold loose

N.CentralN.EastN.WestS.EastS.SouthS.West
0.0k0.5k1.0k1.5k2.0k2.5k↑ Price in ₦NovDecNovDecNovDecNovDecNovDecNovDec

Nutritional Value of Rice

Rice, especially white rice, is primarily a source of carbohydrates, providing energy for the body. It contains small amounts of protein, but its nutritional value can vary based on the type:

Rice is incredibly versatile and features prominently in various dishes across the country. Here are a few popular rice-based meals:

Historical cost

N.CentralN.EastN.WestS.EastS.SouthS.West

Broken Rice (Ofada)

05001,0001,5002,0002,5003,0003,500↑ Price in ₦2018202020222024

Rice agric sold loose

02004006008001,0001,2001,4001,6001,8002,0002,2002,400↑ Price in ₦2018202020222024

Rice local sold loose

02004006008001,0001,2001,4001,6001,8002,0002,200↑ Price in ₦2018202020222024

Rice Medium Grained

02004006008001,0001,2001,4001,6001,8002,0002,2002,400↑ Price in ₦2018202020222024

Rice,imported high quality sold loose

02004006008001,0001,2001,4001,6001,8002,0002,2002,4002,6002,8003,000↑ Price in ₦2018202020222024