Latest Price of Maize Per ton in Nigeria

Like soya beans, the price of maize per ton in Nigeria has really gone high with the past few years. Maize is sold per ton, kg and paint rubber. Different packages include 50kg, 100kg and 25kg etc. Maize is also cheaper in the northern states like Kaduna, Kano, Kebbi etc. Nigeria produces white and yellow maize.

An overview of Maize in Nigeria

Maize, also known as corn, is a major staple food crop in Nigeria, grown across diverse agro-ecological zones in the country. It is cultivated by both small and large-scale farmers and plays a significant role in the Nigerian agricultural sector.

Maize production in Nigeria is influenced by several factors including rainfall, temperature, and soil fertility. The crop is predominantly grown during the rainy season, although some farmers in the northern parts of the country also cultivate it during the dry season using irrigation.

The country produces both white and yellow varieties of maize. White maize is more commonly grown and consumed, while yellow maize is often used in the poultry industry. The demand for maize in Nigeria is high, driven by its use in human consumption, animal feed, and industrial applications.

Despite being one of the largest producers of maize in Africa, Nigeria still imports a significant amount of the crop to meet domestic demand. This is due to factors such as post-harvest losses, inadequate storage facilities, and low productivity resulting from the use of traditional farming methods.

Maize prices in Nigeria are influenced by various factors including production levels, market demand, and the cost of inputs such as fertilizers and seeds. Prices also fluctuate based on seasonal variations, with prices typically rising during the dry season when supply is low.

The Nigerian government has implemented several initiatives to boost maize production and reduce dependence on imports. These include the provision of improved seed varieties, training for farmers, and the establishment of maize processing facilities. These efforts are aimed at increasing productivity, improving food security, and creating employment opportunities.

However, challenges such as climate change, pests and diseases, and inadequate access to credit and modern farming technologies continue to hinder maize production in Nigeria. Addressing these challenges is crucial for the sustainability of the maize industry in the country.

What is the price of maize today per ton

During the harvest season, which typically falls between July and October, the price of maize tends to decrease due to the increased supply. Conversely, during the planting season, from November to June, prices tend to rise as supply decreases. As of the latest update, the price of maize in Nigeria today July 2, 2024 ranges between 550,000 to 600,000 Nigerian Naira per ton.

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Price of 50kg bag of maize in Nigeria

During the planting season, which typically falls between April and June, the price of maize tends to increase. This is due to the high demand for maize seeds by farmers. Conversely, during the harvest season, which is usually between September and November, the price of maize decreases due to an increase in supply.

As of today July 2, 2024, the current price of 50kg bag of maize in Nigeria today is 13,000 naira

How much is 100kg bag of maize in Nigeria

The price of a 100kg bag of maize in Nigeria varies depending on the season, location, and market conditions. It’s important to note that maize is a seasonal crop in Nigeria, with two main planting seasons. The price tends to be lower during the harvest season when supply is high. As of today, the average price of maize per kg in Nigeria is 500 NGN while the average price of maize per ton is 550,000 NGN. It’s cheaper to buy in tons than in kg.

During the off-season, the price of maize can increase due to lower supply and higher demand. The location also plays an important role in determining the price. In rural areas where maize is grown, the price tends to be lower compared to urban areas where the cost of transportation and other logistics are factored into the price.

Maize price per kg

The price of maize per kilogram in Nigeria is influenced by a variety of factors, making it a dynamic and ever-changing figure. It’s therefore important to stay updated with the latest market trends and news in order to accurately predict and understand the price of maize per kilogram.