Rice — Producer Price in Nigeria
Nigeria: Rice — Producer Price was 381,421 LCU in 2020. ◆ Volatile
Rice — Producer Price in Nigeria, 1991–2020
Source: Food and Agriculture Organization of the United Nations. Measured in LCU.
Analysis
The most recent figure for rice — producer price in Nigeria is 381,421 LCU, measured in 2020.
Compared with earlier readings it is down 0.1% on the previous year and up 596.4% over ten years.
Over the whole period, rice — producer price in Nigeria peaked at 381,676 LCU in 2019 and was at its lowest, 7,544 LCU, in 1991.
That places Nigeria 23rd out of 85 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Rice — Producer Price in Nigeria, year by year
| Year | LCU | Change |
|---|---|---|
| 1991 | 7,544 LCU | — |
| 1992 | 12,606 LCU | +67.1% |
| 1993 | 18,780 LCU | +49.0% |
| 1994 | 12,300 LCU | -34.5% |
| 1995 | 14,280 LCU | +16.1% |
| 1996 | 25,840 LCU | +81.0% |
| 1997 | 25,280 LCU | -2.2% |
| 1998 | 31,950 LCU | +26.4% |
| 1999 | 27,030 LCU | -15.4% |
| 2001 | 37,480 LCU | +38.7% |
| 2002 | 45,550 LCU | +21.5% |
| 2003 | 38,230 LCU | -16.1% |
| 2004 | 46,170 LCU | +20.8% |
| 2005 | 71,550 LCU | +55.0% |
| 2006 | 65,858 LCU | -8.0% |
| 2007 | 55,214 LCU | -16.2% |
| 2008 | 75,138 LCU | +36.1% |
| 2009 | 28,550 LCU | -62.0% |
| 2010 | 54,770 LCU | +91.8% |
| 2011 | 59,690 LCU | +9.0% |
| 2012 | 57,400 LCU | -3.8% |
| 2013 | 56,690 LCU | -1.2% |
| 2019 | 381,676 LCU | +573.3% |
| 2020 | 381,421 LCU | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19,512 LCU | 7,544 LCU | 31,950 LCU | 9 |
| 2000s | 51,527 LCU | 28,550 LCU | 75,138 LCU | 9 |
| 2010s | 122,045 LCU | 54,770 LCU | 381,676 LCU | 5 |
| 2020s | 381,421 LCU | 381,421 LCU | 381,421 LCU | 1 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0826 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 101.09 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 125.38 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 153,496 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.15 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 183.61 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 75,054 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 4.17 % change on previous year (2025)
Frequently asked questions
- What is rice — producer price in Nigeria?
- Rice — producer price in Nigeria was 381,421 LCU in 2020, according to Food and Agriculture Organization of the United Nations.
- What is the highest rice — producer price recorded in Nigeria?
- The highest recorded value was 381,676 LCU in 2019.
- What is the lowest rice — producer price recorded in Nigeria?
- The lowest recorded value was 7,544 LCU in 1991.
- How does Nigeria rank for rice — producer price?
- Nigeria ranks 23rd out of 85 countries with data for 2020.
- Is rice — producer price rising or falling in Nigeria?
- Over the last ten years it is up 596.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Rice — Producer Price (LCU/tonne). Statizoid updates them automatically from the source API.
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About this data
This sub-domain contains data on agriculture producer prices and the producer price index. Agriculture producer prices are prices received by farmers for primary crops, live animals and livestock primary products as collected at the point of initial sale (prices paid at the farm gate). Annual data are provided from 1991 (while mothly data start in January 2010) for 180 countries and 212 products. The producer price index is the index of agricultural producer prices that measures the average annual change over time in the selling prices received by farmers (prices at the farm gate or at the first point of sale). The three categories of producer price index available in FAOSTAT comprise: single-item price index, commodity group index and the agriculture producer price index.