The most commonly consumed food in the world is Rice. Deepening it down to Nigeria, rice ranks number one as everyone consumes it, both the young and old regardless of class, educational, or financial background, and today we will talk about the price of a bag of rice in Nigeria as of May 2023.
Rice is widely eaten in Nigeria by all tribes as it is not peculiar to any tribe or ethnic group in the country. All and sundry eat it. The only difference is the type of rice you eat and the way you prepare it.
Rice is a cereal grain, and it is harvested as a seed of the grass species scientifically known as Oryza sativa. Aside from rice being an everyday food in Nigeria, it is also ceremonial food.
No ceremony will take place without the presence of rice be it a wedding, naming, or other kinds of event, rice is always present. It can be prepared in various ways such as fried rice, coconut rice, jollof rice, and other forms of rice.
Seeing the way rice is common in Nigeria, the price seems to be expensive even though with the production of rice in some parts of Nigeria, there has been a reduction in the price. Rice, however, still remains a little pricey compared to other foodstuffs.
This post, therefore, hight the prices of different kinds of rice available in the country.
Prices of Different Bag of Rice in Nigeria 2023
There are different brands of rice in Nigeria, and their price varies although the difference isn’t that much their prices differ. These brands of rice include:
Price of Mama Gold Rice
This is one of the most popular brands of rice in Nigeria. A lot of Nigerians call it special rice because it is a superior quality Thai-parboiled rice that contains very little starch content.
The rice is easy to cook as parboiling takes little time. Mama Gold rice is available in different markets in the country, and it comes in various sizes.
The size of the rice determines the price, and they are listed below:
|Mama Gold 50kg bag of Rice||₦25,000 to ₦32,000|
|25kg Mama Gold Rice||₦15,500 to ₦17000|
|Mama Gold 10kg bag of Rice||₦6,500 to ₦9,000|
Price of Mama’s Pride Rice
This is another popular brand of rice in Nigeria, and it is produced by OLAM Nigeria limited. The rice is common among Nigerians as it is already parboiled; therefore it saves fuel and time when cooking. The manufacturers of this rice operate in South America, North America, Central America, Australia, East Africa, and other West African countries.
Let’s take a look at the price of this rice in Nigeria
|Mama’s Pride 25kg bag of Rice||₦13,750 to ₦18,500|
|Mama’s Pride 50kg bag of Rice||₦28,500 to ₦30,000|
Price of Caprice
This is another popular brand of rice in Nigeria; It is everywhere in the country, north, south, east & west. Just like every other rice consumed in Nigeria, Caprice is suitable especially for occasions as it comes cheap and affordable.
Let’s look at the prices as well as sizes of Caprice available in the Nigerian market.
|Caprice 25kg bag of Rice||₦15,000 to ₦18,000|
|Caprice 50kg Rice||₦30,500 to ₦35,000|
Price of Royal Stallion Rice
This is one of the world-leading brands of rice. It is produced by Stallion Group of Companies, who are the marketers of Stallion-branded products such as food products, household items & automobiles.
Royal Stallion rice is the most sought-after in Nigeria as they sell quality rice from Thailand, the United States of America, Brazil, Vietnam, as well as India.
Let’s see the prices of their various sizes of rice
|50kg Royal Stallion bag of Rice||₦28,000 to ₦30,000|
|Royal Stallion Rice of 25kg||₦14,200 to ₦16,700|
|Royal Stallion 10kg Rice||₦7,100 to ₦9,700|
Other kinds of Rice available in Nigeria are:
This is local rice, and it is named after a town in Ogun state where it originates although it grows in other parts of the country.
The rice is perceived as luxurious rice that is not for the commoner but some class of the people in the society as well as occasions. It is also available in eatery, restaurants, and top cafeterias across Nigeria.
Ofada rice of 5kg sells within the range of ₦8,500 to ₦15,000
Basmati Rice is another upcoming brand of rice in Nigeria. Many perceived the rice to be low in sugar, therefore, seeing it as a choice for dieting and diabetic patients. Basmati rice is readily available across various supermarkets in the country.
5kg Pack of Basmati rice sells within the range of ₦8,500 to ₦13,500.
This is another rice from OLAM Nigeria limited. The 50kg pack of rice goes for about N30,000 while the 25kg sells around ₦15,500.
This rice is majorly grown in the United States. It is not a very popular brand of rice in Nigeria as only a few Nigerians and those who spent some time in the USA as well as elsewhere know about it. But the rice is growing in popularity as time comes by and it is available in some supermarkets in Nigeria.
A 25kg pack of Falcon rice sells within ₦28,500 to ₦30,000
This is another local rice that is just gaining ground in Nigeria. The rice is very cheap expensive, and it is common in Kebbi as well as Lagos state as the state governments showed great interest in the production of this rice.
The 50kg pack of Lake ride is sold within the range of ₦22,000 and ₦24,500, while the 25kg goes for ₦12,500 and ₦14,250.
There are top 6 world producers of rice in the world, and the largest exporter of them all is Thailand which is followed by the United States India and Vietnam. Although the largest producer of rice in the world remains China, they are not the most significant exporter because they barely export, but they are in charge of 30% of the world rice.
Nigeria is nothing close to the largest producer of rice in the world as only produces about 5.8 million tons annually. Nigeria is still a significant consumer of rice (7.9million tons annually) according to the Rice Farmers Association of Nigeria (RIFAN)