The branded rice shelf retreated in the week of June 1, a quiet counterpoint to the beans surge. The sharpest move came at Lekki-Jakande Market, where a 50kg bag of Royal Stallion rice eased to ₦60,000 from ₦70,000 in the week of March 16, a fall of 14.3%.
My Choice Holds, but Costs More at Ajah
My Choice short grain was the steady brand. A 50kg bag held at ₦73,000 at Ajah Market, unchanged since March, while Lekki-Jakande first captured it at ₦67,500 in June. That leaves a same-week gap of ₦5,500, with Ajah the dearer market, the widest branded-rice spread between the two this week. A paint bucket of My Choice was identical at both, ₦6,500.
Vitali Eases, Caprice Debuts
Vitali long grain converged at exactly ₦65,000 a bag at both markets, but by different paths. At Ajah it eased to that level from ₦70,000 in the week of February 23, down 7.1%, while at Lekki-Jakande it was a first June capture. A paint bucket of Vitali was ₦833 cheaper at Ajah. Lekki-Jakande also brought in Caprice rice for the first time, at ₦60,000 a bag.
Against the Rest of Lagos
Royal Stallion's dated backdrop shows how far it has settled. When other markets were last captured, mostly in January, a 50kg bag ran from ₦52,000 at Agege in February to ₦87,000 at Balogun in late January, with Mile 12 and Oyingbo at ₦65,000 and Oshodi and Epe Main at ₦60,000. My Choice was scarcely tracked elsewhere, appearing only at Mushin at ₦75,000 in mid-February, which makes the June readings at these two markets among the few current references for the brand.
The Bigger Picture
Rice prices balance local milling capacity against the cost of imported parboiled stock, and the NBS tracks loose and branded rice in its monthly food series. The softening across branded grades, set against the beans climb, points to orderly rice supply this season. Buyers can compare brands on the compare tool.
Live prices: Lekki-Jakande Market and Ajah Market.