Price of rice falls in April

Price of rice falls in April

- The price of rice fell by 7.22 per cent for the month of April

- The NBS said the new price according to data collected was N250 per kg

The price of imported rice fell in the month of April according to new date released by the National Bureau of Statistics (NBS).

According to the NBS, the price fell from N418.71 in March to N250.30 in April per kilogramme indicating a 7.22 per cent reduction.

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The report however stated that the average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 29.98 percent in the month under review.

According to the report, the price of 1 dozen of Agric. eggs medium size increased year-on-year by 41.04 percent.

“The average price of piece of Agric. eggs medium size (price of one) increased year-on-year by 28.74 percent and month-on-month by 5.21 per cent to N46.22 in April from N43.93 in March.”

“The average price of 1kg of tomato increased year-on-year by 15.32 percent and month-on-month by 6.36 per cent to N285.72 in April from N268.64 in March.”

Also, “the average price of 1kg of yam tuber increased year-on-year by 42.45 percent and decreased month-on- month by 2.17 per cent to N250.30 in April from N255.86 in March.”

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The NBS explained that 700 staff supervised by experts was sent to all the states on a field work to get the prices.

Over 100 respondents and locations were analysed from all the local governments in the country to arrive at the data provided. went to the market to find out the price of commodities since President Muhammadu Buhari left the country for medical treatment.


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