Soybean Price in Nigeria Today: per Kg and per Tonne, with the World Price
Soybean has quietly become one of Nigeria's most fought-over crops: poultry feed mills, vegetable-oil crushers and food processors all bid for the same harvest, and supply rarely keeps up. The exchange-traded spot price below is the cleanest public reference for that competition, quoted in naira per kilogram and updated each trading day.
Current Soybean Price in Nigeria
As of November 5, 2026, the exchange spot price of soybean in Nigeria is 570.87 NGN / kg.
Every Published Soybean Price Layer
| Country | Layer | Price | Source | As of |
|---|---|---|---|---|
| Nigeria | exchange spot (daily) | 570.87 NGN / kg | Mansa Markets | November 5, 2026 |
Why Nigerian soybeans often trade above the world price
The global benchmark is set by the vast harvests of Brazil, the United States and Argentina. Nigeria's crushers and feed mills, however, buy in naira from a much smaller local crop — harvested roughly October to December — and importing beans at scale is costly. When local demand outruns the harvest, the Nigerian price decouples upward from the world benchmark; the two are shown together on this page so that premium is visible rather than anecdotal.
The poultry industry is the swing factor. Soybean meal is the key protein in feed, so egg and chicken demand feeds directly into bean prices — a dynamic that has made soybean prices a leading indicator for Nigerian food-inflation watchers.
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 | 570.87 NGN / kg | Mansa Markets |
| November 4, 2026 | exchange spot | 543.36 NGN / kg | Mansa Markets |
| November 3, 2026 | exchange spot | 520.83 NGN / kg | Mansa Markets |
| November 2, 2026 | exchange spot | 523.84 NGN / kg | Mansa Markets |
| October 30, 2026 | exchange spot | 515.63 NGN / kg | Mansa Markets |
| October 29, 2026 | exchange spot | 514.64 NGN / kg | Mansa Markets |
| October 28, 2026 | exchange spot | 499.47 NGN / kg | Mansa Markets |
| October 27, 2026 | exchange spot | 514.42 NGN / kg | Mansa Markets |
| October 26, 2026 | exchange spot | 498.45 NGN / kg | Mansa Markets |
| October 23, 2026 | exchange spot | 478.5 NGN / kg | Mansa Markets |
| October 22, 2026 | exchange spot | 522.22 NGN / kg | Mansa Markets |
| October 21, 2026 | exchange spot | 535.16 NGN / kg | Mansa Markets |
| October 20, 2026 | exchange spot | 507.26 NGN / kg | Mansa Markets |
| October 19, 2026 | exchange spot | 507.26 NGN / kg | Mansa Markets |
| October 16, 2026 | exchange spot | 548.54 NGN / kg | Mansa Markets |
| October 15, 2026 | exchange spot | 645.34 NGN / kg | Mansa Markets |
| October 14, 2026 | exchange spot | 597.82 NGN / kg | Mansa Markets |
| October 13, 2026 | exchange spot | 537.08 NGN / kg | Mansa Markets |
| October 12, 2026 | exchange spot | 631.86 NGN / kg | Mansa Markets |
| October 9, 2026 | exchange spot | 799.34 NGN / kg | Mansa Markets |
Soybean Price FAQ
What is the soybean price in Nigeria today?
As of November 5, 2026, the exchange spot price of soybean in Nigeria is 570.87 NGN / kg. Every figure on this page carries its price type, cadence and as-of date.
What drives soybean prices in Nigeria?
Local harvest volumes (October–December), poultry-feed demand, vegetable-oil crushing demand, and the cost of the imported alternative — which depends on the world benchmark and the naira. Fuel and transport costs move the basis between producing states and southern mills.