Soya beans, a versatile legume rich in protein and essential nutrients, holds a significant place in the Nigerian agricultural landscape. Its popularity stems from its numerous applications in various industries, including food, animal feed, and industrial uses. To understand the dynamics of this essential crop, we’ve compiled current market prices from different regions in Nigeria. Read on to discover the fascinating variations in Soya bean prices across the country.
Soya Bean Prices in Nigerian Markets
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Bodija Market, Ibadan – N19,000 per 100kg
Nestled in the heart of Ibadan, Bodija Market offers Soya beans at N19,000 per 100kg. This bustling market is known for its diverse range of agricultural products, and Soya beans are no exception.
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Gboko Main Market, Benue – N15,000 per 100kg
In the agricultural hub of Benue state, Soya beans are available at the Gboko Main Market for N15,000 per 100kg. This region is renowned for its fertile lands and robust farming practices.
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Dawanau Market, Kano – N13,000 per 100kg
Heading north to Kano, Dawanau Market provides Soya beans at an affordable N13,000 per 100kg. Kano, with its rich agricultural heritage, offers a favorable environment for the production of this valuable crop.
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Igbudu Market, Delta – N20,000 per 100kg
In the oil-rich Delta state, Igbudu Market boasts Soya beans at N20,000 per 100kg. This coastal region showcases a diverse economy, with agriculture playing a crucial role.
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Gomez Main Market – N16,000 per 100kg
Gomez Main Market offers Soya beans at N16,000 per 100kg. Situated in an undisclosed location, this market provides a competitive option for Soya bean buyers.
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Mile 12 Market, Lagos – N25,000 per 100kg
As one of the busiest markets in Nigeria, Mile 12 Market in Lagos provides Soya beans at N25,000 per 100kg. This bustling hub serves as a major distribution point for agricultural products in the southwestern region.
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Tella Market, Taraba – N11,000 per 100kg
Tella Market in Taraba stands out with its affordable Soya bean price of N11,000 per 100kg. Located in the northeastern region, Taraba boasts a vibrant agricultural scene.
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Nkwo Nnewi Market, Enugu – N12,500 per 100kg
In Enugu, Nkwo Nnewi Market offers Soya beans at N12,500 per 100kg. This market is a vital part of the commercial activity in southeastern Nigeria.
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Umuahia Main Market, Abia – N19,000 per 100kg
In Abia state, Umuahia Main Market provides Soya beans at N19,000 per 100kg. This market serves as a critical economic center in the southeastern region.
Conclusion
The prices of Soya beans in various Nigerian markets exhibit intriguing variations. Factors such as location, local demand, and production levels all play a role in determining these prices. As consumers and producers alike, understanding these market dynamics can offer valuable insights into the agricultural landscape of Nigeria. Whether you’re a farmer, trader, or consumer, these prices provide a snapshot of the diverse Soya bean market in Nigeria.
