What is the price of molasses per kilogram/pound in Nigeria today?
The retail price range for Nigeria molasses is between US$ 2.96 and US$ 4.93 per kilogram or between US$ 1.34 and US$ 2.24 per pound(lb). Click here to see today's exact prices of molasses in Nigeria
The retail price range in Naira for molasses is between NGN 1,364.10 and NGN 2,273.50 per kilogram or between NGN 618.64 and NGN 1,031.07 per pound(lb) in Abuja and Lagos.
Wholesale prices
In 2024, the approximate wholesale price range for Nigeria molasses is between US$ 2.07 and US$ 3.45 per kilogram or between US$ 0.94 and US$ 1.57 per pound(lb).
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Nigeria Molasses Export Prices - Historical, Trends and Prediction
The export price of Molasses from Nigeria over the last five years has been quite volatile. In 2018, the price per kilogram was $0.45, which increased to $0.60 in 2019. However, in 2020, the price dropped to $0.50, before increasing again to $0.55 in 2021. This year, the price has decreased slightly to $0.53. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024, but it is likely that the prices will remain relatively stable.Nigeria Molasses Import Prices - Historical, Trends and Prediction
The import price of Molasses into Nigeria over the past five years has been quite volatile. In 2018, the price per kilogram was $0.45, which was the highest in the five-year period. This was followed by a sharp decline in 2019 to $0.25 per kilogram. In 2020, the price increased slightly to $0.30 per kilogram, before dropping again in 2021 to $0.20 per kilogram. The most recent data shows that the price has increased to $0.25 per kilogram in 2022. Overall, the import price of Molasses into Nigeria has been decreasing over the past five years, with the exception of a slight increase in 2020. This trend is likely to continue in the coming years, with the price expected to remain below $0.30 per kilogram in 2023 and 2024.Export values for Nigeria molasses
Prices of other produce in the Processed category in Nigeria: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Africa: Algeria molasses, Angola molasses, Botswana molasses, Burundi molasses, Cameroon molasses, Cape Verde molasses, Central African Republic molasses, Comoros molasses, DRC Congo molasses & Benin molasses.
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