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Onion prices to rise during yuletide season

The National Onion Producers, Processors and Marketers Association of Nigeria has warned that onion prices are likely to rise slightly […]

Onions

The National Onion Producers, Processors and Marketers Association of Nigeria has warned that onion prices are likely to rise slightly during the upcoming festive season because of increased demand. Kaduna State Secretary Mr. Amir Adamu explained that prices now vary by state: old onions sell for about ₦50,000‑₦60,000 per bag in Kaduna, while fresh onions from Sokoto command ₦80,000‑₦100,000 per bag. The higher price for the Sokoto variety reflects strong demand and its current availability.

Adamu noted that other states, such as Kebbi, have not yet harvested their onions, a factor that could push prices even higher. Historically, a bag of old onions in the north fetched ₦30,000‑₦40,000, but the present surge in demand has driven prices up. As Christmas approaches, the market expects further increases, with a bag now selling for ₦100,000‑₦130,000 compared with the previous range of ₦70,000‑₦100,000.

The secretary added that prices may ease from January next year when Kebbi’s harvest begins, although a substantial drop is unlikely. The onion market remains sensitive to fluctuations in supply and demand, and the current upward trend is expected to persist until the new harvest arrives. This prediction underscores the need for stakeholders to monitor market conditions and adjust their strategies accordingly.

Because demand for onions stays high—especially during the festive period—consumers should anticipate paying a premium. The onion industry is a significant component of Nigeria’s economy, and price volatility can have broader market repercussions. Understanding the dynamics that drive onion prices is therefore essential for all participants as they prepare for future market shifts.

Ifunanya

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