At Supermart.ng, we offer you the best price on Caprice Rice 50 kg because we source directly from manufacturers and suppliers at wholesale pricing. The price of Caprice Rice 50 kg in Nigeria today is currently stable but due to inflation in market prices, it can increase by between 5% and 20% especially when it is in high demand. At various
This is the reason why a bag of 50kg of rice in Nigeria costs twice as much as anywhere else in the world. As at the last time it was checked, a 50kg bag of rice in India costs less than N20,000. “With the above statistics, the country still has a gap of about 4 million tons annually which is filled up by foreign rice imports either legally
The price of a bag of rice in Nigeria varies depending on factors such as location, market demand, and brand. As of April 2023, the average price of a 50kg bag of rice in Nigeria ranges from ₦25,000 to ₦35,000.
In Nigeria, rice shipments are projected to cost $5 million a day, and the food item accounted for roughly 1.25% of the nation’s budget in that year. Since 2017, the situation has significantly improved, and the Nigerian government assures both rice growers and consumers of a new lease on life.
We estimate that increasing the mechanisation rate in Nigeria from 0.3hp/ha to 0.8hp/ha in the next 5 years, can double rice production to 7.2 million tonnes. To achieve this, we estimate that Nigeria will need to at least triple its current stock of machinery over the same period.
Bulk prices. ₦ 12,000. Per Excellence Long Grain Rice 4.4lb. Per excellence long grain rice 4.4lb. ₦ 95,000. Par Excellence Rice 45.36kg 100lb. Long grain enriched 100lb bag. Never sticky Cooks perfectly every time - always separate and fluffy. ₦ 85,000.
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how much is 1 bag of rice in nigeria
