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Nigeria's NBS reported that the average retail price of a 50kg bag of local rice rose 20.5% in March 2026 to ₦112,000, while imported rice rose 3.06%. Other staples such as eggs, beans and garri also rose.
Domestic price inflation in Nigeria reflects local supply and currency pressures rather than global benchmark moves. The effect on world rice and feed prices is minimal.
theeconomictimes.com.ngETNJun 1, 2026After 247 past report events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -1.8% to +2.3%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
