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Groundnuts price in Lagos

Updated week of 19 October 2026 · Lagos state · data period 2026-08

₦70,493 per 50kg bag

₦140,986 per 100kg bag · ₦1,409,855 per tonne · ₦42,295,650 per 10-tyre lorry (30t)

▲ 1.6% vs previous month

Behind this number: market median from World Bank Real-Time Food Prices (modelled) and WFP monitoring · observation period 2026-08 · corridor haulage re-priced weekly to the diesel pump price · how our numbers are made

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Groundnuts price history in Lagos (12 months)

Month50kg bag100kg bagTonne
August 2026₦70,493₦140,986₦1,409,855
July 2026₦69,371₦138,742₦1,387,418
June 2026₦64,404₦128,808₦1,288,082
May 2026₦62,081₦124,162₦1,241,623
April 2026₦62,907₦125,814₦1,258,136
March 2026₦66,568₦133,137₦1,331,368
February 2026₦71,065₦142,129₦1,421,291
January 2026₦69,889₦139,777₦1,397,773
December 2025₦70,630₦141,260₦1,412,605
November 2025₦67,808₦135,615₦1,356,150
October 2025₦68,578₦137,156₦1,371,555
September 2025₦74,644₦149,288₦1,492,882
August 2025₦76,794₦153,589₦1,535,886

Price risk outlook — Lagos

28 / 100 · Low risk · confidence C

Corridor Risk Score for groundnuts in Lagos, August 2026. Higher means a sharp price fall (15% or more) is more likely over the next three months; Low markets have historically fallen about 1 in 12 times, High markets about 1 in 3.

No strong seasonal pattern for groundnuts at Lagos in this three-month window. Last year the groundnuts price in Lagos fell 12% between August and November (₦76,794 to ₦67,808 per bag). How the score works · full portfolio scoring is available through the API.

Cheapest groundnuts markets in Nigeria this month

Other commodity prices in Lagos

Prices are market medians from World Bank Real-Time Food Prices and WFP monitoring, cross-checked against trader quotes. Businesses: see corridor-level landed costs — what a tonne truly costs delivered, net of real haulage.