Soybeans Prices in Nigeria
Quick answer: Mansa Markets' exchange spot price for soybeans traded at about ₦742–₦863 per kg in September 2026, then fell about 40% in October to roughly ₦480–₦515 per kg as new-season supply arrived. A May 2026 market guide put soybeans at ₦600,000–₦680,000 per tonne.
Prices by type
| Type / brand | Price range | Unit |
|---|---|---|
| Exchange spot, late October 2026 | ₦479,000 – ₦515,000 | per tonne |
| Exchange spot, September 2026 | ₦742,000 – ₦863,000 | per tonne |
| 100kg bag (market, May 2026) | ₦55,000 – ₦70,000 | per 100kg bag |
Typical retail ranges seen in October 2026. Prices change often; confirm with the seller before you pay.
Why prices differ
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Frequently asked questions
How much is a tonne of soybeans in Nigeria now?
Late October 2026 exchange spot prices were around ₦480,000–₦515,000 per tonne, down from ₦742,000–₦863,000 in September. Market buyers typically pay ₦500,000–₦750,000 depending on quality and location.
Why did soybean prices drop in October?
New-season harvest supply arrived. Mansa Markets' spot series fell from about ₦799/kg on 9 October to ₦478.50/kg on 23 October 2026.
How much is a 100kg bag of soybeans?
An Awajis market guide updated May 2026 listed soybeans at ₦55,000–₦70,000 per 100kg bag. Post-harvest prices in late 2026 may be lower.
Sources
How we check prices- Soybean price in Nigeria — exchange spot history — Mansa Markets, 2026-10-27
- Soybean Price in Nigeria Today — Mansa Markets, 2026-10-26
- Prices of Food in Nigeria 2026 (Latest Market Rates) — Awajis, 2026-05-16
- Poultry Farmers Urge Government to Push Feed Cost Reduction — LivestockTrend, 2026-02-04
