Rice Price in Nigeria Today: Paddy per Kg, Retail per Kg and the 50kg Bag Question
Two very different numbers both get called "the rice price in Nigeria", and most pages quietly mix them up. The exchange-traded price below is for paddy — unmilled rice as it leaves the farm — while the retail market price is for milled rice in the market. Both are shown here with their dates and sources, because the gap between them is the story: milling, parboiling, transport and margins sit between the farmer's paddy and your 50kg bag.
Current Rice Price in Nigeria
As of November 5, 2026, the exchange spot price of rice in Nigeria is 452.74 NGN / kg.
Every Published Rice Price Layer
| Country | Layer | Price | Source | As of |
|---|---|---|---|---|
| Nigeria | exchange spot (daily) | 452.74 NGN / kg | Mansa Markets | November 5, 2026 |
| Nigeria | retail (monthly) | 1,905.43 NGN / Kg | Mansa Markets | May 1, 2026 |
| Côte d'Ivoire | retail (monthly) | 515 XOF / Kg | Mansa Markets | August 1, 2026 |
Paddy price vs the price of a bag of rice
When traders quote the exchange spot price, they mean paddy in bulk — it is the right benchmark for millers, aggregators and anyone in the supply chain. The retail price per kilogram of milled rice in the market is typically several times higher, and multiplying it by fifty gives the going rate for the 50kg bag most households actually buy. Both layers are in the table below, each labelled with what it measures.
Beware of pages that quote a single undated "price of rice in Nigeria" — without knowing whether it is paddy or milled, wholesale or retail, and when it was observed, the number is meaningless. Every figure on this page carries its type, source and as-of date.
What drives Nigerian rice prices
Nigeria is Africa's largest rice producer and still a large importer, so local prices sit between the cost of local paddy (harvest runs roughly October–December, with irrigated dry-season crops into May) and the landed cost of Asian rice, which moves with the world benchmark and the naira. Import policy matters as much as weather: tariff and border decisions have historically moved the bag price more than any harvest.
Recent Dated Observations · Nigeria
The running record behind this page — each row is a dated observation, not an estimate.
| Date | Layer | Price | Source |
|---|---|---|---|
| November 5, 2026 | exchange spot | 452.74 NGN / kg | Mansa Markets |
| November 4, 2026 | exchange spot | 452.11 NGN / kg | Mansa Markets |
| November 3, 2026 | exchange spot | 414.53 NGN / kg | Mansa Markets |
| November 2, 2026 | exchange spot | 431.5 NGN / kg | Mansa Markets |
| October 30, 2026 | exchange spot | 493.5 NGN / kg | Mansa Markets |
| October 29, 2026 | exchange spot | 429.13 NGN / kg | Mansa Markets |
| October 28, 2026 | exchange spot | 373.16 NGN / kg | Mansa Markets |
| October 27, 2026 | exchange spot | 373.16 NGN / kg | Mansa Markets |
| October 26, 2026 | exchange spot | 373.16 NGN / kg | Mansa Markets |
| October 23, 2026 | exchange spot | 358.67 NGN / kg | Mansa Markets |
| October 22, 2026 | exchange spot | 420.75 NGN / kg | Mansa Markets |
| October 21, 2026 | exchange spot | 495 NGN / kg | Mansa Markets |
| October 20, 2026 | exchange spot | 450.29 NGN / kg | Mansa Markets |
| October 19, 2026 | exchange spot | 529.75 NGN / kg | Mansa Markets |
| October 16, 2026 | exchange spot | 471.25 NGN / kg | Mansa Markets |
| October 15, 2026 | exchange spot | 409.78 NGN / kg | Mansa Markets |
| October 14, 2026 | exchange spot | 482.09 NGN / kg | Mansa Markets |
| October 13, 2026 | exchange spot | 419.21 NGN / kg | Mansa Markets |
| October 12, 2026 | exchange spot | 403.08 NGN / kg | Mansa Markets |
| October 9, 2026 | exchange spot | 437.38 NGN / kg | Mansa Markets |
Rice Price FAQ
What is the rice price in Nigeria today?
As of November 5, 2026, the exchange spot price of rice in Nigeria is 452.74 NGN / kg. Every figure on this page carries its price type, cadence and as-of date.
How much is a 50kg bag of rice in Nigeria today?
Multiply the current retail price per kg in the table above by fifty for a market-rate estimate of the 50kg bag. Prices vary meaningfully by brand, quality (local vs imported, parboiled vs white) and state — the figure here is a dated national market reference, not a specific shop price.
Why is Nigerian rice more expensive than the world price?
Import restrictions and tariffs, logistics costs, and the naira exchange rate all stack on top of the Asian export benchmark. Local milling capacity has grown, but demand still outruns local paddy supply, keeping Nigerian retail prices well above the world reference.