Price Of Bag Of Rice, Food Commodities This Week

Price Of Bag Of Rice, Tomatoes, Oil Other Food Commodities This Week.
Cooking oil and rice record sharp increases across major markets already crowded.
Traders warn costs may climb further as Christmas demand grows

The holiday season has returned, and while the excitement of Detty December is building across the country, many Nigerian households are grappling with rising food prices as they prepare for Christmas and New Year celebrations.

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EKO HOT BLOG reports that across major markets, traders report increased demand for essential food items, with prices climbing as the festive rush intensifies. Families shopping for oils, grains and soup ingredients say they are already adjusting their budgets to cope with the surge.

Cooking oils, a key part of festive meals, have recorded significant jumps. A 5-litre keg of palm oil is selling for ₦10,000, maintaining its high cost despite strong demand. A 1-litre bottle of groundnut oil now goes for ₦3,200, a price that has left many buyers expressing concern, particularly those planning large holiday cooking.

Rice remains one of the hardest-hit staples. A 50kg bag of Nigerian local rice currently sells for about ₦54,000, adding to the burden of families preparing for the season.

Market traders explain that the festive period consistently drives up demand, which in turn triggers price increases. They warn that costs may continue to rise as Christmas draws closer, urging shoppers to buy early to avoid further hikes.