Food Prices: In June 2025, dry onion prices surged by 17.65%, while pepper price

In June 2025, food prices in Lagos markets experienced a mix of increases and decreases, influenced by factors such as inflation, logistical challenges, and seasonal supply patterns. Notable price changes include:

1. Dry onions: A 17.65% increase from N85,000 to N100,000 for a big bag due to seasonal scarcity and higher transport costs from major supplier regions.
2. Pepper: A significant drop of 29.41%, from N170,000 to N120,000 for a big bag, following previous months' spikes.
3. Tuber of Yam (Abuja variety, big size): Prices surged 15.38% from N6,500 to N7,500, attributed to scarcity and transport issues.
4. Maize (Yellow, 50kg bag): Despite being planting season, prices increased by 14.71% to N78,000 from N68,000, reflecting supply vulnerabilities.
5. Bag of Flour (Mama Gold, 50kg): Prices climbed 13.11% to N69,000 from N61,000 due to persistent wheat import dependency and inflationary pressures.
6. Local Rice (Mama's Pride, 50kg): Average price went up by 12.15% to N60,000 from N53,500.

These fluctuations highlight the ongoing challenges in the food supply chain, affecting both consumers and traders. Traders are particularly concerned with narrowing margins and unpredictable transport costs. The overall trend underscores the need for a more robust and resilient agricultural sector to ensure food security and stabilize prices.