Nigeria Commodity Price: Soyabeans data was reported at 479.720 USD/Metric Ton in Jun 2024. This records a decrease from the previous number of 490.220 USD/Metric Ton for May 2024. Nigeria Commodity Price: Soyabeans data is updated monthly, averaging 430.910 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 737.060 USD/Metric Ton in Jun 2022 and a record low of 319.080 USD/Metric Ton in Nov 2015. Nigeria Commodity Price: Soyabeans data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

Nigeria Commodity Price: Wheat data was reported at 265.550 USD/Metric Ton in Jun 2024. This records a decrease from the previous number of 289.420 USD/Metric Ton for May 2024. Nigeria Commodity Price: Wheat data is updated monthly, averaging 229.570 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 522.290 USD/Metric Ton in May 2022 and a record low of 122.550 USD/Metric Ton in Nov 2016. Nigeria Commodity Price: Wheat data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

Nigeria Commodity Price: Cocoa data was reported at 3,625.540 USD/Ton in Sep 2023. This records an increase from the previous number of 3,444.000 USD/Ton for Aug 2023. Nigeria Commodity Price: Cocoa data is updated monthly, averaging 2,519.660 USD/Ton from Jan 2009 (Median) to Sep 2023, with 177 observations. The data reached an all-time high of 3,625.540 USD/Ton in Sep 2023 and a record low of 178.930 USD/Ton in Jan 2011. Nigeria Commodity Price: Cocoa data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

Nigeria Commodity Price: Cofee data was reported at 183.710 0.01 USD/lb in Sep 2023. This records a decrease from the previous number of 186.880 0.01 USD/lb for Aug 2023. Nigeria Commodity Price: Cofee data is updated monthly, averaging 163.250 0.01 USD/lb from Jan 2009 (Median) to Sep 2023, with 177 observations. The data reached an all-time high of 300.120 0.01 USD/lb in Apr 2011 and a record low of 120.550 0.01 USD/lb in May 2019. Nigeria Commodity Price: Cofee data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

In April 2024, food prices in Nigeria increased considerably compared to April of the preceding year. Prices of sweet potato, plantain (unripe), and broken rice (ofada) increased the most. In particular, the price of a kilogram of unripe plantain grew by over 168 percent compared to the previous year, while the price of a tuber of yam rose by about 154 percent. Overall, none of the selected foods recorded a price decrease.

Nigeria Commodity Price: Palm Oil data was reported at 873.670 USD/Metric Ton in Jun 2024. This records an increase from the previous number of 859.150 USD/Metric Ton for May 2024. Nigeria Commodity Price: Palm Oil data is updated monthly, averaging 762.830 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 1,776.960 USD/Metric Ton in Mar 2022 and a record low of 483.490 USD/Metric Ton in Sep 2015. Nigeria Commodity Price: Palm Oil data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

As of May 2024, the average price in Nigeria for a unit of frozen chicken added up to slightly over 4,829 Nigerian naira (NGN), which equaled 3.2 U.S. dollars. One kilogram of boneless beef cost 4,712 NGN (3.14 U.S dollars), whereas one piece of medium-sized chicken eggs reached nearly 151 NGN (10 cents).

Cost of food in Nigeria increased 21.97 percent in June of 2025 over the same month in the previous year. This dataset provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria Commodity Price: Cotton data was reported at 1.830 USD/kg in Jun 2024. This records a decrease from the previous number of 1.910 USD/kg for May 2024. Nigeria Commodity Price: Cotton data is updated monthly, averaging 1.950 USD/kg from Jan 2010 (Median) to Jun 2024, with 174 observations. The data reached an all-time high of 5.060 USD/kg in Mar 2011 and a record low of 1.400 USD/kg in Apr 2020. Nigeria Commodity Price: Cotton data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

This Data Article houses secondary data, consisting of the available historic and current farm production data in Nigeria such as crop type, yields, prices, crop production inputs’ (e.g. labour, fertilizer, pesticide, seed, cash capital) as well as the Nigerian food consumption, ethanol demand, and international commodity (crop/food) trade (import and export) data. The data were collected from reputable online databases such as FAOSTAT, World Bank, IMF, USDA, NBS, IITA, etc., and through personal research visits to Nigerian government agencies such as Federal and State Ministries of Agricultural and Rural Development, State Agricultural Development Agency (ADP) in Nigeria, National (Nigerian) Bureau of Statistics (NBS) and others; and were assembled, screened, processed (tabulated them according to GAMS table requirements), and applied via General Algebraic Modelling System (GAMS) to analyse the Nigerian Biofuels (bioethanol production) Potential, assessing its policy impacts on domestic (Nigerian) food and energy securities, job creation, rural development, and the economy. Ndukwe Agbai Dick collected all the data, processed and applied them through GAMS to analyse the Nigerian Biofuels Potential during his PhD research studies at Newcastle University, England, between October 2010 and September, 2014. The research visit took place between March 1st and June, 2012. Research findings from the analysis of these data using GAMS have been partly documented in paper titled "Analysis of the Inherent Energy-Food Dilemma of the Nigerian Biofuels Policy using Partial Equilibrium Model: The Nigerian Energy-Food Model (NEFM)", which has been peer-reviewed and recommended for publication with major revisions in a reputable international high impact journal - Renewable and Sustainable Energy Reviews (RSER). Of course, the NEFM and results generated from it has been peer-reviewed and validated, acceptance for publication, and is now available online on the Renewable and Sustainable Energy Reviews Journal's website - a high impact and reputable international journal with impact factor of 9.184.

Nigeria Commodity Price: Groundnuts data was reported at 1,812.500 USD/Metric Ton in Jun 2024. This records an increase from the previous number of 1,800.000 USD/Metric Ton for May 2024. Nigeria Commodity Price: Groundnuts data is updated monthly, averaging 1,740.135 USD/Metric Ton from Jan 2009 (Median) to Jun 2024, with 186 observations. The data reached an all-time high of 2,506.110 USD/Metric Ton in Aug 2013 and a record low of 900.000 USD/Metric Ton in Apr 2009. Nigeria Commodity Price: Groundnuts data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

Cocoa fell to 8,129 USD/T on July 22, 2025, down 0.33% from the previous day. Over the past month, Cocoa's price has fallen 4.98%, and is down 2.21% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cocoa - values, historical data, forecasts and news - updated on July of 2025.

Summary of Commodity Price Relationships Across Data Sources.

Results of formal equivalence tests to assess correspondence between weekly enumerators (Er) and crowdsourced data (Cr) commodity prices over an eight-month period (March - October 2021), and between monthly crowdsourced data (Cr) and AI-imputed (AI) food prices, over a 3-year period (2019-2021).

Nigeria Commodity Price: Rubber data was reported at 1.750 USD/kg in Jun 2024. This records an increase from the previous number of 1.690 USD/kg for May 2024. Nigeria Commodity Price: Rubber data is updated monthly, averaging 1.840 USD/kg from Jan 2010 (Median) to Jun 2024, with 174 observations. The data reached an all-time high of 6.260 USD/kg in Feb 2011 and a record low of 1.230 USD/kg in Jan 2016. Nigeria Commodity Price: Rubber data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

Timely and reliable monitoring of commodity food prices is an essential requirement for the assessment of market and food security risks and the establishment of early warning systems, especially in developing economies. However, data from regional or national systems for tracking changes of food prices in sub-Saharan Africa lacks the temporal or spatial richness and is often insufficient to inform targeted interventions. In addition to limited opportunity for [near-]real-time assessment of food prices, various stages in the commodity supply chain are mostly unrepresented, thereby limiting insights on stage-related price evolution. Yet, governments and market stakeholders rely on commodity price data to make decisions on appropriate interventions or commodity-focused investments. Recent rapid technological development indicates that digital devices and connectivity services are becoming affordable for many, including in remote areas of developing economies. This offers a great opportunity both for the harvesting of price data (via new data collection methodologies, such as crowdsourcing/crowdsensing — i.e. citizen-generated data — using mobile apps/devices), and for disseminating it (via web dashboards or other means) to provide real-time data that can support decisions at various levels and related policy-making processes. However, market information that aims at improving the functioning of markets and supply chains requires a continuous data flow as well as quality, accessibility and trust. More data does not necessarily translate into better information. Citizen-based data-generation systems are often confronted by challenges related to data quality and citizen participation, which may be further complicated by the volume of data generated compared to traditional approaches. Following the food price hikes during the first noughties of the 21st century, the European Commission's Joint Research Centre (JRC) started working on innovative methodologies for real-time food price data collection and analysis in developing countries. The work carried out so far includes a pilot initiative to crowdsource data from selected markets across several African countries, two workshops (with relevant stakeholders and experts), and the development of a spatial statistical quality methodology to facilitate the best possible exploitation of geo-located data. Based on the latter, the JRC designed the Food Price Crowdsourcing Africa (FPCA) project and implemented it within two states in Northern Nigeria. The FPCA is a credible methodology, based on the voluntary provision of data by a crowd (people living in urban, suburban, and rural areas) using a mobile app, leveraging monetary and non-monetary incentives to enhance contribution, which makes it possible to collect, analyse and validate, and disseminate staple food price data in real time across market segments. The granularity and high frequency of the crowdsourcing data open the door to real-time space-time analysis, which can be essential for policy and decision making and rapid response on specific geographic regions. Link to the project

Naphtha rose to 548.46 USD/T on July 23, 2025, up 0.28% from the previous day. Over the past month, Naphtha's price has fallen 1.99%, and is down 20.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Naphtha - values, historical data, forecasts and news - updated on July of 2025.

Prices in Nigeria are increasing due to steady inflation, and food items are particularly impacted. Food articles also have different prices across the states. In Kano State, one kilogram of tomato costed 386 Naira (around 0.3 U.S. dollar) in August 2023. One kilogram of onion bulbs reached 300 Naira, about 0.2 U.S. dollars, while one bottle of palm oil costed on average 1282 Naira per liter, which is equivalent to 0.9 U.S. dollars.

As of April 2025, the average monthly global price of rubber was 2.13 U.S. dollars per kilogram. The average annual price of natural rubber at the Singapore Commodity Exchange in 2024 was 2.28 U.S. dollars per kilogram. Rubber as a commodity: many end uses Rubber is a widely used material, in both naturally and synthetically sourced forms. Companies use it in the manufacturing of tires and tubes, rubber gloves, latex condoms, erasers, in adhesives and coatings, nozzles, as elastic material in clothing, and more. Accordingly, rubber is an important commodity due to its numerous uses in everyday items.   Rubber prices and rubber producers As with other internationally traded commodities that have relatively low market prices, low rubber prices have a negative impact on the rubber producers themselves. The resulting issues of poverty for natural rubber producers has led to the creation of the Fair Rubber Association (FRA), a multi-stakeholder association that aims to improve the lives and working conditions of the primary producers by utilizing Fair Trade principles.

In November 2024, the producer price index (PPI) in the United States was the highest in the four countries/areas under consideration. That month, its index score stood at above 146, compared to roughly 127 in the Euro Area, which was the second highest in the four areas. Contrarily, China is struggling with a decreasing PPI. The producer price index (PPI) measures the average change over time in the selling prices received by domestic producers for their output.