Rice Prices in Nigeria
| Variety | Market level | Price (US$/kg) | Local (NGN) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| Thai 5% | Global benchmark | 0.44 | 203 | ▲ 9.2% | ▲ 2.1% | World Bank Pink Sheet |
| - | Farmgate | 0.49 | 224 | ▲ 34.8% | n/a | FAOSTAT Producer Prices |
| - | Export (unit value) | 0.28 | 130 | n/a | n/a | UN Comtrade (unit value) |
| Thai 25% | Global benchmark | 0.44 | 200 | ▲ 9.0% | ▲ 4.6% | World Bank Pink Sheet |
| Thai A.1 | Global benchmark | 0.42 | 194 | ▲ 9.1% | ▲ 3.6% | World Bank Pink Sheet |
| Viet Namese 5% | Global benchmark | 0.38 | 173 | ▲ 6.6% | ▼ 0.8% | World Bank Pink Sheet |
As of June 2026, the rice price in Nigeria available is US$ 0.49 per kg (224 NGN).
In 2022, Nigeria exported 14 tonnes of rice valued at US$3,929, ranking 114th among 132 rice exporters and maintaining a net exporter position. The country produced 9,129,900 tonnes of rice in 2024, ranking 15th globally and accounting for 0.9% of world output, with a 2.6% year-on-year increase. The latest farmgate price is US$0.4857 per kg for generic rice.
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Rice Price History & Trend
Global benchmark (world reference) price for rice, US$ per kg.
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes - rice in Nigeria
In 2022, Nigeria exported 14 tonnes of rice valued at US$3,929, ranking 114th among 132 rice exporters and maintaining a net exporter position. The country produced 9,129,900 tonnes of rice in 2024, ranking 15th globally and accounting for 0.9% of world output, with a 2.6% year-on-year increase. The latest farmgate price is US$0.4857 per kg for generic rice.
Exports UN Comtrade · 2022
In 2022, Nigeria exported $3.9K (13.9 t) of rice. That ranks #114 worldwide.
Export value by year (US$)
Export volume by year
Top rice exporters worldwide UN Comtrade · 2022
- #1 India $11.05B · 40.2%
- #2 Thailand $5.66B · 20.6%
- #3 Pakistan $3.26B · 11.8%
- #4 US $1.37B · 5%
- #5 Myanmar $824.1M · 3%
Production FAOSTAT · 2024
Nigeria produced 9.13 Mt of rice in 2024▲ 2.6% YoY. It ranks #15 among producing countries (0.9% of world output).
Production by year (tonnes)
HS Code
rice is traded under Harmonized System code 1006.30. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO); harvest season - FAO GIEWS Crop Calendar. Values are official reported figures.