BREAKING: Price Of Bag Of Rice, Beans, Tomatoes, Other Food Commodities This Week

Nigerians are optimistic that the recent reduction in petrol prices across the country will lead to a drop in the cost of foodstuffs as the festive season approaches.

The price of Premium Motor Spirit, commonly known as petrol, reportedly dropped by ₦36 per litre in the last week, offering a glimmer of hope to consumers burdened by rising costs of goods and services.

Petrol prices directly impact transportation costs, which constitute a significant portion of the expenses incurred in moving food items from farms to markets.

With reduced transport costs, many Nigerians are hopeful that traders will transfer the benefits of cheaper logistics to consumers by lowering food prices.

As the festive season draws near, markets across Nigeria are bustling with activities. However, traders and consumers alike are still waiting to see if the petrol price reduction will reflect on staple food prices such as rice, beans, yam, and tomatoes.

Here is the price of major food commodities this week:

Price Of Bag Of Rice

Vitally 50kg Long Grain Bag of Rice – ₦95,000

Parexcellence Premium Parboiled Rice Half Bag – ₦85,000

My Choice Bag of Rice – ₦96,000

25kg Bag of Rice – ₦47,500

Price Of Bag Of Beans

Sweet Pure Butter Beans 50kg – ₦160,000

Brown Beans 50kg From Maiduguri – ₦90,000

A Rubber of Brown Beans – ₦7,500

Peeled Dried Honey Beans/ Beans Flour – ₦15,000

Clean Hand Picked Oloyin Beans (Honey Beans) 50kg – ₦175,000

Chad Sweet Brown Beans (50kg) – ₦90,000

Soyabeans Very Dried – ₦130,000

Peleed Beans for Moi Moi 20kg – ₦80,000

Neat and Picked Pure Oloyin Sweet Beans 2.5kg – ₦8,500

Price Of Bag Of Garri

One Paint Of Garri – ₦3,900

Bag Of Garri 50kg – ₦45,000

Garri (Garri Ijebu) – ₦70,000

100 kg Bag of Garri – ₦100,000

Tomatoes

Fresh derica tomatoes Big basket – ₦180,000

Fresh Tomatoes Basket – ₦55,000

Royal Sun Plum Tomatoes By 24 Cans – ₦32,000

Price Of Spaghetti

Golden Penny Spaghetti (500g × 20) cartoon – ₦28,000

Price Of Palm Oil

5 litre gallon – ₦7,500

25 litre gallon – ₦45,500

Onions

One bag – ₦180,000

Irish Potatoes

One Basket – ₦75,000