Current Price of Soya Beans Per KG in Nigeria
The current price of soya beans per kg in Nigeria today has increased over the past few years. Soya beans, also known as soybeans, are a versatile and nutritious crop that is widely grown in Nigeria. It is a legume that belongs to the pea family and is native to East Asia. It’s sold in bags, kg, ton, mudu and paint rubber bucket. Soya beans are highly valued for their high protein content and oil extraction potential.
In Nigeria, soya beans are primarily cultivated in the northern part of the country, particularly in states like Benue, Kaduna, Kano, and Niger. The crop requires a warm climate and well-drained soil to thrive, making Nigeria’s agro-ecological conditions suitable for its cultivation.
Current Price of Soya Beans in Kano
The current price of soya beans in Kano, Nigeria can vary depending on various factors such as market demand, supply, and seasonality. As of today, December 7, 2023 the average price of soya beans per kilogram in Kano is ₦340 However, it’s important to note that prices can fluctuate on a daily basis due to market dynamics and other external factors.
Current Price of Soya Beans in Kaduna
Farmers and traders in Kaduna often consider the quality and grade of soya beans when determining the price. Higher quality soya beans that meet certain standards may command a higher price compared to lower quality beans. It is also worth noting that the price of soya beans can vary across different markets within Kaduna, with some markets having slightly higher or lower prices compared to others. As of today December 7, 2023 the average price of soya Beans per kg in Kaduna is ₦345
Price of Soya Beans per kg in Nigeria today
The price of soya beans in Nigeria is influenced by several factors. One of the key factors is the supply and demand dynamics within the country. The average price of a 100kg Soya Beans bag in the whole of Nigeria is ₦40,000. The wholesale price of soya Beans per kg is ₦400 while the retail price of Soya Beans per kg is ₦480. The wholesale price of Soya Beans per ton is ₦400,000 while the retail price of Soya Beans per ton is ₦480,000. The availability of soya beans in the market depends on the planting season, harvest yield, and storage capacity. Fluctuations in weather conditions, such as drought or excessive rainfall, can affect the overall production and availability of soya beans, thereby impacting its price. Additionally, the price of soya beans can also be influenced by global market trends, exchange rates, transportation costs, and government policies. A mudu of soya Beans costs 800 naira in Benue State while a paint rubber bucket of soya Beans costs 2,200 naira
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Price of Soya Beans per ton in Nigeria
The price of soya Beans in the Northern Nigeria is far less than that of the southern Nigeria. This is because soya Beans is being produced in large quantities in the North Western and North Eastern and North central States. We have conducted our research and we found out that the average price of soya Beans per ton as of today December 7, 2023 is 340,000 in the Northern Nigeria and 400,000 in the southern Nigeria.
Where to Buy Soya Beans in Bulk in Nigeria
Soya beans play a significant role in Nigeria’s agricultural sector and economy. The crop is not only a source of income for farmers but also contributes to food security and nutrition. Soya beans are used in various ways, including as a food ingredient, animal feed, and raw material for the production of soybean oil, soy milk, tofu, and other soy-based products. The demand for soya beans in Nigeria is driven by the growing population, increasing awareness of its health benefits, and the expanding livestock industry.
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There are several places where you can buy soya beans in bulk in Nigeria. One option is to visit local markets that specialize in agricultural produce. These markets, such as Mile 12 Market in Lagos or Kano Market in Kano, have a wide range of vendors selling soya beans in large quantities. You can negotiate prices and quantities directly with the sellers to get the best deal. It is important to ensure that the beans are of good quality and meet the necessary standards before making a purchase.
Another option is to connect with agricultural cooperatives or associations that deal with soya beans. These organizations often have networks of farmers who produce soya beans in large quantities. By contacting them, you can inquire about purchasing soya beans in bulk. They may be able to provide you with information on available quantities, prices, and delivery options. This can be a reliable and convenient way to buy soya beans directly from the source.