Rice Price in Ibadan
Latest price
220,000 NGN/100kg
Product: Rice · monthly wholesale price
The highest price among 4 reporting markets (Aug 2026).
Price Chart
How this year compares, month by month, to the typical pattern of recent years for the selected region.
Notable price events
- 2007-08 global food price crisis — Drought in major exporting countries, combined with several governments restricting exports to protect domestic supply and growing demand for biofuel crops, pushed wheat, rice and corn to what were then record prices within about a year - triggering food riots in over 30 countries.
- India's rice export ban, July 2023 — On 20 July 2023 India, the world's largest rice exporter, banned exports of non-basmati white rice - about a quarter of its rice exports - to hold down domestic prices ahead of an El Niño year. The Thai 5% broken benchmark jumped to its highest in about 15 years, above $650 a tonne.
Options for India, China, Brazil, Mexico, West Africa and other countries are monthly wholesale prices from national sources, republished by FAO's GIEWS price monitoring tool - for India the Ministry of Consumer Affairs, in INR per 100 kg (one quintal). A plain country name is that country's official national average. Currency, unit and inflation conversions are explained in how agri.markets sources and calculates prices.
Price data table
Recent prices
| Period | Price (NGN/100kg) | Change |
|---|---|---|
| Aug 2026 | 220,000 | +1.9% |
| Jul 2026 | 216,000 | +0.9% |
| Jun 2026 | 214,000 | +13.4% |
| May 2026 | 188,720 | -0.1% |
| Apr 2026 | 188,900 | +0.3% |
| Mar 2026 | 188,320 | +1.1% |
| Feb 2026 | 186,300 | -7.1% |
| Jan 2026 | 200,600 | -7.6% |
| Dec 2025 | 217,200 | -0.5% |
| Nov 2025 | 218,400 | -20.9% |
| May 2024 | 276,000 | +0.0% |
| Apr 2024 | 276,000 | +64.3% |
Annual averages
| Year | Average (NGN/100kg) | Change |
|---|---|---|
| 2026 (year to date) | 200,355 | -8.0% |
| 2025 | 217,800 | -21.1% |
| 2024 | 276,000 | +93.0% |
| 2023 | 142,992.59 | +46.8% |
| 2022 | 97,435.56 | +6.9% |
| 2021 | 91,145.83 | +10.6% |
| 2020 | 82,408.33 | +36.8% |
| 2019 | 60,250 | +9.3% |
| 2018 | 55,131.67 | -10.7% |
| 2017 | 61,730.83 | +18.9% |