Agriculture · Africa's fastest-growing staple
Rice Price.
Rice is Africa's fastest-growing staple: Nigeria grows more than any other African country and still imports to close the gap. The paddy price on Nigerian exchanges and the retail price in Lagos markets sit on top of a global benchmark set in Asia — this page tracks all three layers.
Global benchmark
$400.00
African layer
Country-level prices
What the farmer is actually paid — farmgate, exchange and export prices the global benchmark never shows.
| Country | Type | Price | Source | As of |
|---|---|---|---|---|
| Nigeria | exchange | 345.32 NGN / kg | AFEX(daily) | 7 Aug 2026 |
| Cote d'Ivoire | retail | 530 XOF / Kg | FAO FPMA(monthly) | 1 Jun 2026 |
| Nigeria | retail | 1,905.43 NGN / Kg | FAO FPMA(monthly) | 1 May 2026 |
History
Benchmark price history
1 Nov 20251 Jun 2026
Production
Africa's role
Africa's share
Africa's fastest-growing staple
Top producers
Nigeria · Egypt · Madagascar · Tanzania · Mali
Seasonality
Nigeria — Africa's largest producer — harvests paddy roughly October–December, with irrigated dry-season crops into May. The continent still imports heavily, so the Asian benchmark sets the ceiling on local prices.
Cross-market
Related listed companies
Methodology
The global benchmark is sourced from public EIA/FRED series. African country-level prices are seasonal regulator announcements and exchange reports, each stored with its source, cadence and as-of date. Prices are for informational purposes only and are not real-time.
Frequently Asked
Rice FAQ
Which African countries produce the most rice?
Nigeria is Africa's largest rice producer, followed by Egypt, Madagascar, Tanzania and Mali — yet the continent remains a major net importer of Asian rice.
Why do Nigerian rice prices differ from the world price?
Import restrictions, tariffs and logistics mean Nigerian paddy and milled-rice prices trade well above the Asian export benchmark — the local exchange and market prices on this page show that premium directly.
Are these rice prices real-time?
The Nigerian exchange paddy price updates each trading day, market prices monthly, and the global benchmark monthly. Every figure carries its source, cadence and as-of date.