NewStats: 3,264,059 , 8,182,454 topics. Date: Monday, 09 June 2025 at 01:27 PM e3f16

6382y

Death Scare: Oversupply Drags 50kg Rice Price To N54,000 - Business (3) - Nairaland 4c7117

Death Scare: Oversupply Drags 50kg Rice Price To N54,000 (25116 Views)

(4)

Go Down)

yemre: 1:36pm On May 18
Pristine664:
The kind of news that get Obidients really upset. 😆
Somebody said in the other thread recently that he bought 50kg rice for 65k at a particular location. Obidients descended on him, insulted him and his family, claiming rice is still 90k and above everywhere, only for another person to confirm it with a receipt.

I still wonder why good news get them so livid.

Obidients can hardly can make comments without insulting the poster. I just wonder if that is how most of them were brought up.
Emmanuel900(m): 1:36pm On May 18
ibrutex:
One bag still goes for 65,000- 68000 around here in Ibadan...

If you consider cost of transportation from the border to Ibadan the price is still not far fetch
Checkwell: 1:39pm On May 18
MrDean01:
Abeg where is that guy called SLAWOMIR or has he left Benin?

The guy is so fake. He lacks content. He is stuck. No more trash to spew.
gegedos(f): 1:39pm On May 18
Here in sango OTA Ogun state, 50kg bag of rice is 56,000 naira as at Wednesday 14th of may 2025

1 Like

Chetas81(m): 1:42pm On May 18
Wealthoptulent:


werin una wan 9ja people, unaliketo raise FALSE NEWS to crumble pppl business.


if na that one u wont EAT RICE here in UK, it WORSE, SPAGHETTI is na NO NO... if u allow it to cook it becomes mashy, it FOAMS and much STARCH , so we perboil and wont let it done before taking off HEAT, it is like it was WRAPPED i the RICE SHAPE capsules and releases the WHITE THINGY wen done cooking... like tuwo or egbo
hhhhmmmm you mentioned egbo, nice one😀
abysirius(m): 1:47pm On May 18
EndBuhariNow:
Nah only online the price dey always fall. Keep lying to yourselves
He be like sey na inside hole you dey live lipsrsealed
morikee: 1:50pm On May 18
I'm still looking for the Place to buy 50KG Rice at 54k as of yesterday we bought 50kg at 80k+

1 Like

drehdinho(m): 1:51pm On May 18
Wealthoptulent:


werin una wan 9ja people, unaliketo raise FALSE NEWS to crumble pppl business.


if na that one u wont EAT RICE here in UK, it WORSE, SPAGHETTI is na NO NO... if u allow it to cook it becomes mashy, it FOAMS and much STARCH , so we perboil and wont let it done before taking off HEAT, it is like it was WRAPPED i the RICE SHAPE capsules and releases the WHITE THINGY wen done cooking... like tuwo or egbo

Is the experience same with rice from African shops too?

I was told GMO products could look extremely big and fresh but way cheaper than the organic ones.

Because our rice in Nigeria needs thorough cooking for consumption.
Asquare84(m): 1:57pm On May 18
shortgun:
It's still 75k here in Abuja.
When will APC stop lying to the Nigerian public.

Sahad store is 66 -70 depending on brand
UpaIweka: 2:03pm On May 18
Wailer, here is a bag I bought during the week.
52K




EndBuhariNow:
Nah only online the price dey always fall. Keep lying to yourselves

1 Like

ceejayluv(m): 2:05pm On May 18
Na only online I dey see rice for 55k... They should give us the brand and location to confirm.

2 Likes 1 Share

Watcharena: 2:06pm On May 18
samdaisi:
Please you doubting Thomas credit my details with 54k and let me bring one bag to your house
you can't get a bag of rice at that price in Lagos ,it should be around 65k and still crashing

1 Like

Watcharena: 2:08pm On May 18
gegedos:
Here in sango OTA Ogun state, 50kg bag of rice is 56,000 naira as at Wednesday 14th of may 2025
I bought at 65k in last week in Surulere

1 Like

VaginaAcademic: 2:10pm On May 18
I go buy am first cook am for bingo first before I cook my own chop

2 Likes

SeaTrade(m): 2:14pm On May 18
femi4:
Not uhuru yet

That's 20k shy of min wage
No one earning minimum wage is/should be buying a bag of rice on a monthly basis.
Na rice e come this world to chop? undecided

1 Like 1 Share

Mistersolar: 2:23pm On May 18
im in ibadan tell me where to buy it 54k...i will need 7bags
Pristine664:
The kind of news that get Obidients really upset. 😆
Somebody said in the other thread recently that he bought 50kg rice for 65k at a particular location. Obidients descended on him, insulted him and his family, claiming rice is still 90k and above everywhere, only for another person to confirm it with a receipt.

I still wonder why good news get them so livid.
ifinger: 2:23pm On May 18
Firebox123:
if I say the truth

Igbo people will attack me for ing tinubu grin embarassed

Am agbado urchin saying the truth is a lie
delpee(f): 2:24pm On May 18
I will rather buy Nigeria grown rice anyday.
fitinwell: 2:30pm On May 18
ogododo:

https://punchng.com/death-scare-oversupply-drag-50kg-rice-price-to-n54000/?amp

Over supply bawo...?

Rice is still sold ₦85,000...

1 Like

LegendHero(m): 2:33pm On May 18
ibrutex:
One bag still goes for 65,000- 68000 around here in Ibadan...

People said they got it 58k as at last month in Ibadan.

I guess it depends on on vendor
LegendHero(m): 2:34pm On May 18
shortgun:
It's still 75k here in Abuja.
When will APC stop lying to the Nigerian public.

Rice was selling for less than ₦8,000 during Jonathan’s istration, yet today after mismanaging the economy the APC wants Nigerians to roll out the drums and celebrate the same rice now selling for over ₦70,000

How much is minimum wage during Jonathan period? Remind me abeg.

1 Like

LegendHero(m): 2:34pm On May 18
fitinwell:


Over supply bawo...?

Rice is still sold ₦85,000...

They’ve been scamming you or maybe UGM are taxing the rice supply.

1 Like

NairalandGossip: 2:37pm On May 18
Wealthoptulent:


werin una wan 9ja people, unaliketo raise FALSE NEWS to crumble pppl business.


if na that one u wont EAT RICE here in UK, it WORSE, SPAGHETTI is na NO NO... if u allow it to cook it becomes mashy, it FOAMS and much STARCH , so we perboil and wont let it done before taking off HEAT, it is like it was WRAPPED i the RICE SHAPE capsules and releases the WHITE THINGY wen done cooking... like tuwo or egbo
you de UK😲
Send me money na abeg
uniquelyspecial(m): 2:38pm On May 18
Pristine664:
The kind of news that get Obidients really upset. 😆
Somebody said in the other thread recently that he bought 50kg rice for 65k at a particular location. Obidients descended on him, insulted him and his family, claiming rice is still 90k and above everywhere, only for another person to confirm it with a receipt.

I still wonder why good news get them so livid.
Oya sorry. I apologize on behalf the insultive obidients.
How much is a bag of rice in your area? Let's leave online prices.

1 Like

NairalandGossip: 2:41pm On May 18
shortgun:
It's still 75k here in Abuja.
When will APC stop lying to the Nigerian public.

Rice was selling for less than ₦8,000 during Jonathan’s istration, yet today after mismanaging the economy the APC wants Nigerians to roll out the drums and celebrate the same rice now selling for over ₦70,000
68k around Kubwa
femi4: 2:46pm On May 18
SeaTrade:
No one earning minimum wage is/should be buying a bag of rice on a monthly basis.
Na rice e come this world to chop? undecided
Poverty is a disease

We were buying it N12 - 15k when min wage was 30k

Dbarrzx: 3:14pm On May 18
Pristine664:


Be careful! Obidients may curse you for saying the truth.

They only want someone that will say it's 100k or more.
Ahahaha
missionmex(m): 3:26pm On May 18
MichaelSokoto:
Gentlemen & Ladies, anoda bird flu saga is upon us...

where fear-fear ppl who were too afraid to die totally boycotted eggs & chicken!

Eggs was been sold at d rate of #15 a piece, baba... I was using egg to eat anything dat period!

I fried like 7 eggs in d morning, boil like 11 put for bag, and round am up wit scintillating omelette made wit around like 9 eggs in d evening.

it was a good time to be alive as a human dat loves egg so much!

may dis poisoned rice brouhaha tow dat same path iJN!
cool
The one way go kpai you na so e go still come. Just dey play

1 Like

placeofallure(f): 3:49pm On May 18
Pristine664:
The kind of news that get Obidients really upset. 😆
Somebody said in the other thread recently that he bought 50kg rice for 65k at a particular location. Obidients descended on him, insulted him and his family, claiming rice is still 90k and above everywhere, only for another person to confirm it with a receipt.

I still wonder why good news get them so livid.

Dem be kolos, that's why. To see someone from that divide with common sense go hard o, it will be by connection.

1 Like

MichaelSokoto(m): 3:54pm On May 18
missionmex:

The one way go kpai you na so e go still come. Just dey play
Impossicant!
cool
chukkystar(m): 4:01pm On May 18
People do not have the same purchasing power as before and the supplier keeps pumping produce expecting same type of sales. With time over supply leads to less price because of less demand.
daniwise(m): 4:03pm On May 18
It is 10k here in Lagos.APC is really doing well.

Reply)

Naira Hits All-Time Low Of ₦1,152/$1 In Black Market

(Go Up)

Sections: How To . 31
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.