Weekly updates, farming tips, and regional market trends.
Weekly updates, farming tips, and regional market trends.
The price of beans in Nigeria has dropped significantly in 2025. A 100 kg bag is now selling for ₦80,000–₦120,000, which is a big fall compared to 2024's highs of ₦210,000–₦240,000.
This price crash is largely because of very high harvest yields. According to the President of the Cowpea & Beans Farmers Association, some farms harvested up to 10x more than usual.
In Abuja (Garki International Market), 100 kg of honey or brown beans now go for around ₦130,000, down from ~₦320,000 last year.
According to traders, the drop in price is also due to reduced pest infestation (weevils), and hoarded beans being released into the market.
For consumers, this is good news: a “paint-bucket” amount of beans (small-sized measure) that used to cost ₦13,000–14,000 is now going for about ₦6,000–7,000.
However, in Lagos, while many bean prices are down, some markets (like Mile 12, Mushin) reported an 18.75% jump for 50 kg brown beans in September.
According to AFEX (a commodities firm), grain prices (including maize) are expected to stabilize in 2025, despite inflation.
However, production costs for maize have risen sharply: NARLS reports that maize production cost went up 69.7% (from ₦330,621/ha to ₦561,237/ha).
In Lagos, cheaper maize has led to a 10% drop in egg prices, because maize is a major input for poultry feed.
On the policy side, some farmers are criticizing the government’s approach: the import waiver on maize (used to lower food prices) is hurting local farmers because imported maize is flooding the market.
Meanwhile, AFEX has warned that maize prices could surge by 48% later in 2025 if supply issues persist.
AFEX projects that paddy (unprocessed) rice prices could increase by ~50% in 2025, despite ongoing import waivers.
The high projected prices stem from a mix of tight seasonal supply, import dynamics, and external pressures (like El Niño affecting global production).
But on the flip side: according to a market survey before Ramadan, rice (along with maize and beans) has seen price declines in many markets, particularly in producing states.
Also, cost of production for rice is going up: NARLS reports a 37.8% increase in rice production cost per hectare
Groundnut: According to a report from the 2024 wet-season agricultural performance survey, the cost to produce groundnut per hectare rose by 39%.
Melon: While there wasn’t a big headline just about melon (egusi) in the sources I found, Nairametrics reported a sharp decline in melon (and pepper) prices in Lagos markets in September 2025.
The drop in melon price may be linked to oversupply or seasonal effects. (This is implied in the market survey.)