| Commodity | Bag (100kg) | Bag (50kg) | |||
|---|---|---|---|---|---|
| Previous | Current | ||||
| Rice | 56,000 | 28,000 | 850 | 750 | |
| Garri | 16,000 | 8,500 | 300 | 350 | |
| White Beans | 25,000 | 16,500 | 650 | 450 | |
| Soya Beans | 23,000 | 14,500 | 700 | 550 | |
| Guinea Corn | 14,500 | 11,000 | 250 | 220 | |
| Commodity | Bag (100 kg) | Bag (50 kg) | |||
|---|---|---|---|---|---|
| Previous | Current | Variation | |||
| Maize | 33,000 | 18,000 | 800 | 1000 | 200 |
| Wheat | 17,000 | 8500 | 800 | 750 | 50 |
| Melon Seed | 67,000 | 35,000 | 750 | 600 | 150 |
| Millet | 14,000 | 8,500 | 600 | 650 | 50 |
| Sorghum | 20,000 | 11,000 | 450 | 550 | 100 |
| Commodity | Previous | Current | Variation |
|---|---|---|---|
| Orange(Small Basket) | 600 | 700 | 100 |
| Water Melon | 500 | 600 | 100 |
Pine Apple | 350 | 550 | 200 |
| Banana Bunch | 1000 | 700 | 300 |
| Avocado (PB) | 1200 | 600 | 600 |
| Apple | 150 | 200 | 50 |
| Commodity | Previous | Current | Variation |
|---|---|---|---|
| Tomatoes Basket | 10000 | 7,500,000 | 2,500 |
| Onions (Basket) | 2500 | 8500 | 6000 |
| Green Peppper (KG) | 1500 | 2000 | 500 |
| Carrot (KG) | 1400 | 1200 | 200 |
| Cucumber(RB) | 2000 | 1500 | 500 |
| Commodity | Previous | Current | Variation |
|---|---|---|---|
| Irish potato (Bag) | 6000 | 8000 | 2000 |
| Carrot | 1000 | 1500 | 500 |
| Cassava (small basket) | 2400 | 2500 | 100 |
| Ginger (kg) | 1200 | 800 | 400 |
| Onion (small basket) | 2500 | 2000 | 500 |
| Commodity | Previous | Current | Variation |
|---|---|---|---|
| Gold 24 Karat | 14940.18 | 14,217.71 | 722.47 |
| Diamond/ Carat | 2,109,056 | 2,118,100 | 9,044 |
| Iron Ore/Metric Ton | 25,278.34 | 25,305.91 | 27.57 |
| Silver/Ounce | 5,000 | 5,442.44 | 442.44 |
| Platinum/Gram | 11400.54 | 10,572.55 | 827.99 |
| Commodity | Previous | Current | Variation |
|---|---|---|---|
| Bitter Kola | 2500 | 3500 | 1000 |
| Shea butter | 3500 | 4500 | 1000 |
| Kola Nuts | 2500 | 3500 | 1000 |
| Plantain (Bunch) | 1500 | 2000 | 500 |
| Cashew Nuts | 2500 | 3000 | 500 |
| Commodity | Previous | Current | Variation |
|---|---|---|---|
| White Yam | 600 | 1200 | 400 |
| Sweet Potatoes (small basket) | 600 | 800 | 200 |
| Irish Potatoes(SB) | 2100 | 2800 | 700 |
| Groundnuts (mudu) | 800 | 900 | 100 |
| Irish Potatoes(LB) | 3000 | 5800 | 2800 |
| Commodity | Previous | Current | Variation |
|---|---|---|---|
| Cattle | 150,000 | 200,000 | 50,000 |
| Sheep | 50,000 | 70,000 | 20,000 |
| Goat | 16,000 | 25,000 | 9,000 |
| Chicken | 2,500 | 3,000 | 500 |
| Pig | 40,000 | 35,000 | 5,000 |
| Commodity | Previous | Current | Variation |
|---|---|---|---|
| Crate of Eggs | 1500 | 1600 | 100 |
| Palm Oil (25 Litres) | 10,500 | 12,500 | 2000 |
| Rubber | 2,109,056 | 2,118,100 | 9,044 |
| Coffee | 25,278.34 | 25,305.91 | 27.57 |
| Sugar Cane | 11400.54 | 10,572.55 | 827.99 |
| Rates | Previous | Current | Variation |
|---|---|---|---|
| Inflation | 18.17% | 17.02 | 5.29% |
| PMS Price (Petrol) (₦) | 168 | 165 | 3 |
| Diesel Price (₦) | 210 | 224.43 | 14.43 |
| Dollar ($) to Naira (₦) | 480 | 505 | 25 |
| Chinese Yuan (¥) to Naira (₦) | 55 | 65 | 10 |
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Commodity.ng, a product of Mubatek Enterprise is a Nigerian online company that aim to improve the agricultural value chain in Nigeria by achieving unification of prices on agricultural commodities across the country, specializing in the exchange and sale of commodities through e-commerce, conveys live commodities price updates, publish general news about those commodities and engage in agricultural research to help improve the produce of farmers in Nigeria. It began operations in 2018, commodity.ng uses the local standard rate of exchange which are Mudu, Kilogram, bowl, Paint Bucket, Bag amongst others to quantify the commodities on its dashboard.
Nigeria is not producing enough of what we eat and not exporting enough to earn foreign exchange, with these in mind the government is taking a sharp turn towards diversifying the economy from oil to farming by encouraging more agricultural activities in the country. Learn More Here…