Traders Crash Price of Garri, Pepper, Tomatoes, Other Food Items Ahead of Harvest Season
- Ahead of harvest season, the price of major staples across Nigeria has continued to decline in the country
- Garri, pepper, tomatoes, and onions are some of the food items that have recorded a drop in July
- The latest consumer price data released by the National Bureau of Statistics has shown a drop in inflation
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Food prices across major Nigerian markets have started to fall, as traders adjust prices ahead of the harvest season.
In its latest commodity update, the Financial Derivatives Company (FDC) revealed that several staple items, including garri, pepper, tomatoes, and onions, have recorded notable price declines in July 2025.
Source: Getty Images
According to the FDC report, a 50kg bag of garri now sells for N33,000, representing a 2.94% drop from the N34,000 recorded in June.
Also, a bag of pepper is down 11% to N80,000 from N90,000 it was sold for the previous month.
A basket of tomatoes now goes for N110,000. Onions also saw a 14.29% decline, with a bag selling for N120,000.
Here is a breakdown of the changes.
- Onions (bag) from N140,000 to N120,000
- Pepper (big bag) from N90,000 to N80,000
- Eggs (1 crate) from N6,000 to N5,500
- Flour (50kg) from N68,000 to N65,000
- Semovita (10kg) from N15,000 to N14,500
- Garri (50kg yellow) from N34,000 to N33,000
- Sugar (50kg) from N82,000 to N80,000
The report attributes the drop to the harvest season, which is expected to increase supply.
Source: Getty Images
Food prices increase
However, not all commodities recorded a price decline.
For example, yams experienced a sharp increase, rising 50% from N12,000 to N18,000 for three tubers.
Palm oil (5 litres) increased by 14.28% to N12,000, while beans (Oloyin, 50kg) went up 6.25% to N85,000. The price of rice (50kg, long grain) also rose slightly by 2.35% to N87,000.
FDC revealed that some items remained unchanged. A basket of tomatoes held steady at N110,000.
Similarly, vegetable oil (5 litres) and wheat flour (10kg) remained unchanged from the previous month at N17,500 and N12,000, respectively.
Here are the price changes
- New yam (3 tubers) from N12,000 to N18,000
- Palm oil (5 litres) from N10,500 to N12,000
- Beans (Oloyin, 50kg) from N80,000 to N85,000
- Rice (50kg long grain) from N85,000 to N87,000
NBS inflation report
Meanwhile, the National Bureau of Statistics (NBS) has reported a drop in food inflation in its June 2025 Consumer Price Index (CPI).
The data shows food inflation stood at 21.97% year-on-year, down significantly from 40.87% in June 2024.
Rice price hit N100,000
Earlier, Legit.ng reported that the price of a 50kg bag of rice has surged across major Nigerian markets, with traders now quoting between N77,000 and N100,000.
The latest price is an increase from an average price of N65,000 quoted six months ago.
The new prices come amid the National Bureau of Statistics reporting a drop in inflation figures.
Source: Legit.ng
