Price of 50kg local rice rises 20.5% to N112,000 — NBS
The National Bureau of Statistics, NBS, said the average price of 50kg local rice (short grains) rose by 20.5 percent in March 2026 to N112,000 from N92,946 in February 2026.
NBS disclosed this yesterday in its Selected Food Price watch report for March 2026.
However, recent findings by Vanguard showed that the price of 50kg local rice short grain averages N60,000, at the backdrop of recent price increases.
The NBS report also showed that the price of 50kg foreign rice grew by 3.06 percent to N133,975 in March from N110,589 in February.
NBS noted that some selected food items also recorded an increase in price during the review period.
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