Price of A Bag of Flour in Nigeria
Price of A Bag of Flour in Nigeria: Baked goods like bread, buns, cakes, chin-chin, Meat pies, egg rolls, etc. that we consume every day in Nigeria have one ingredient in common: Flour. The price of consumables has recently hit the roof in Nigeria and flour was not left out. So, how much is a bag of flour in Nigeria today? We have conducted research and have arrived at the accurate prices for a bag of flour in Nigeria.
But what are the factors that are causing the price of flour to rise in Nigeria? Several factors such as cost of production, transportation, etc affect the price of flour in Nigeria; these factors will be explained in detail in this article.
Flour: What is it used for?
Flour is a very versatile ingredient that plays several roles in cooking and baking. Below are some of the uses of major uses of flour:-
- Baking: Flour is an important ingredient when it comes to making baked goods. Flour is used in making bread, cakes, cookies, muffins, chin-chin, eggrolls, meat pies, etc. It provides structure, texture, and volume to these items.
- Breading and Coating: Flour is often used as part of the breading or coating process for fried foods like chicken and fish. It helps to create a crispy outer layer when combined with other ingredients such as eggs and breadcrumbs.
- Dusting: Flour can be used to dust surfaces when rolling out dough to prevent sticking. It’s also used to coat pans before baking to prevent sticking.
Brands of Flour Sold in Nigeria
Honeywell: Honeywell Flour Mills Plc, a subsidiary of the Honeywell Group, is a very popular producer of production of all types of flour, including all-purpose flour, and whole wheat flour. This brand is widely used by consumers and businesses for baking and cooking in Nigeria.
Crown Flour: Crown Flour is a brand of flour produced by Crown Flour Mills Limited, a leading flour milling company in Nigeria. The company is known for its high-quality flour products used in baking and cooking. Crown Flour is widely used by bakeries, restaurants, and households across Nigeria.
Golden Penny: Golden Penny is a popular brand of flour and other food products in Nigeria. It is produced by Flour Mills of Nigeria Plc, one of the largest flour milling companies in the country. Golden Penny flour is widely used by both commercial bakeries and households for baking various products such as bread, cakes, and pastries.
BUA Flour: BUA Flour is produced by BUA Flour Mills Limited, a subsidiary of BUA Group, which operates one of the largest flour milling complexes in Nigeria. BUA Flour is known for its high-quality flour products, which are used in baking and cooking across Nigeria.
Price of A Bag of Flour in Nigeria
The price of a bag of flour in Nigeria is not one-size-fits-all; understand that prices are different across all brands. One brand may cost more than the other. Bearing this in mind, let us look at the current price of a bag of flour in Nigeria:-
How Much is Crown Flour in Nigeria?
Crown Flour has many types of flour. They have the Mix & Bake Superb Flour which comes in 50kg and 25kg bags, they also have Mama Gold Flour, Supreme Lite Flour, Bakewell Flour, Dangote All Purpose Flour, etc. You might be wondering what Dangote flour is doing on this list. This is because Olam International which acquired the Crown Flour Mill also acquired Dangote Flour Mill in 2019. Let’s see the prices of these varieties:-
| Type | Price (Naira) |
|---|---|
| Mama Gold Flour | 52,000 |
| Supreme Lite Flour | 52,800 |
| Dangote All Purpose Flour | 50,500 |
| Mix & Bake Superb Flour | 53,500 (50Kg) |
| 26,500 (25Kg) |
Note that a bag of flour weighs about 50KG and these prices are for 50KG bags except for where indicated.
The Price of a Bag of BUA Flour Nigeria
A 50kg bag of BUA flour costs about Fifty Thousand Five Hundred Naira (N50,500) in Nigeria.
How Much is A Bag of Golden Penny Flour in Nigeria?
Golden Penny flour is currently one of the priciest brands of flour in Nigeria, as of today 11 April 2024, a bag of golden penny flour costs Fifty-Four Thousand Naira (N54,000) in Nigeria.
The Price of A 50 bag of Honeywell Flour
The most expensive brand of flour on our list, it currently costs ₦61,500.00.
Why is The Price of A Bag of Flour High in Nigeria?
These days in Nigeria, one just wakes up to the high cost of food items. Producers and distributors do not just wake up and increase the prices of their commodities; there are several factors at play here, below we have listed and explained the factors that cause the price of flour in particular to skyrocket. This will give you clarity on why the once cheap bag of flour is no longer cheap.
- Cost of Raw Materials: Nigeria relies heavily on imports for wheat, and any increase in the cost of importing wheat will directly impact the cost of flour production.
- Exchange Rate: Since Nigeria imports a significant portion of its wheat, fluctuations in the exchange rate greatly affect the cost of imported wheat and consequently the cost of flour production. Exchange rate volatility leads to uncertainty and increases production costs.
- Infrastructure: Nigeria faces infrastructure challenges such as inadequate road networks and unreliable power supply. These factors lead to the increased operational costs for flour mills. Higher transportation costs and the need for backup power generation add to the overall cost of production, thereby impacting the price of flour.
- Energy Costs: Flour milling is an energy-intensive process it requires electricity and fuel to power milling equipment. Fluctuations in energy costs can significantly affect production expenses and ultimately the price of flour.
- Government Policies: Government policies such as import tariffs, taxes, and regulations influence the cost of flour production. Changes in government policies related to trade, taxation, or regulation can have direct or indirect effects on the cost of importing raw materials, operating expenses, and overall production costs.
- Logistics and Distribution Costs: Inefficient logistics and distribution systems can increase the cost of delivering flour to various markets across Nigeria.
- Economy: The economic condition in Nigeria such as inflation and income levels, can influence consumer purchasing power and demand for flour products. Economic factors can indirectly affect the pricing dynamics of flour in the market.
We hope that at the end of this article gained clarity on the price of a bag of flour in Nigeria and that you have now understood why they cost so much. If you have further questions, we are more than happy to answer them.
