1 Kg Wheat Flour, Pack Type: Bag, Super 29 Foods | ID: 17004142997, Rs. 28 per kilogram.
How much does flour cost in Nigeria?
In Nigeria, the cost of flour varies depending on the brand. There are other wheat flour mills spread out throughout the 36 states, but four of them are more well-known, and their flour is freely accessible in virtually every market and home in Nigeria. We’ll concentrate on the four leading brands of flour in Nigeria.
Other Measurements of Flour and Their Prices
You might not always choose to measure your flour in 50 kg. The pricing for many smaller measurements are listed below.
In Nigeria nowadays, the cost of a cup of flour is between N250 and N300, a mudu costs between N800 and N1000, and a paint costs between N2,300 and N3,000.
Is Nigeria’s flour industry profitable?
“In a statement about the financial result, FMN’s group managing director Omoboyede Olusanya said, “The first-quarter result reflects a good start to the year and a positive sign of the business’s future as we follow our plan of operational efficiency and long-term growth.”
“I’m very happy that we maintained profitability while achieving an exceptional topline growth, he said, with profit before tax rising by 12% and profit after tax rising by 10%.
The business will undoubtedly achieve its year-end driven growth objective as it continues to implement its long-term strategy of excellence-driven growth, he said, while also enhancing operational effectiveness, reducing finance costs, and eventually boosting shareholder wealth.
Food, agro-allied, sugar, and support services subsidiaries all had increases in revenue when compared to the same period last year of 61%, 44%, 24%, and 63.3 percent, respectively.
grain mills The cost of sales in Nigeria increased by 61.3 percent to N208 billion from N129 billion in March 2021, while the gross profit for the month was N25.7 billion, up 0.7 percent from N25.5 billion the previous year.
FMN claims that the rise in input costs and food prices abroad reduced the group’s earnings before taxes by 12% with a time lag to correct the supply chain impact.
The company also stated that its improved yearly growth earnings in its food division’s edible oil and fertilizer business with a strong operational drive in its B2C segment, as well as its long-term investment strategy in product development and route-to-market initiatives, with a strong emphasis on backward integration in its food and agro-allied segments, drove growth.
According to a KPMG report on the wheat industry, Flour Mill of Nigeria is the market leader with a market share of 32% and holds over 70% of the market. It is also currently the second-largest flour miller in the world and Nigeria’s top importer of soft red wheat, hard red winter wheat, and hard white wheat varieties.
In Nigeria, how much is a bag of wheat?
Most African nations that rely on wheat from Russia and Ukraine have experienced supply disruptions as a result of the Russian-Ukrainian war, which began four weeks ago. Additionally, there is a lackluster domestic production structure to assist regional farmers.
Wheat farming in Nigeria was hampered by the closure of the Hadejia Jama’are dam in places like Kano and Jigawa states, which are major producers.
Wheat cost between N25,000 and N26,000 at this time last year, but in locations like Kano, the price has increased from N36,000 to N37,000 per 100kg this year. The demand for the product has grown dramatically, even if costs may vary little or significantly from market to market and state to state.
The costs of common commodities with wheat as a key component were surveyed by our reporters who traveled the nation.
Our correspondent found that the cost of goods related to wheat has increased significantly since last year and a few weeks ago after visiting Kano’s major commodities market.
“You are aware that problems with diesel had an impact on prices this year. Spaghetti cost between N3,700 and N3,800 last year, but it now costs N5,050 for a pack of 20 pieces. However, it was close to N4,900 last week. The price of macaroni has increased from N3,200 to N4, 800 from the previous year. According to Kabiru Nasir, one of the market’s vendors, noodles cost N2, 900 to N3, 000 last year but are now N4, 050 to N4, 200 this year. The same is true for flour, which was N16,000 to N18,000 last year but is now N20,100 to N20,200.
The dealer stated that although Ramadan, the fasting season, is quickly approaching, prices may not necessarily rise unless there is a shortage of goods on the market.
In Kaduna, our correspondent stated that wheat is sold about N30,000 per 100kg depending on the quality of the crop. However, the price of flour is beginning to approach that found in Kano. N20,500 will buy you a 50 kg bag of flour, N6,500 would buy you a carton of 20 pieces of spaghetti, and N3,100 will buy you a bag of noodles.
Findings in Ogun State showed that a carton of Indomitable Noodles, which once cost N2,700, now costs N3,000 at wholesale.
It retails for between N3,100 and N3,200 at the retail locations. A carton of spaghetti has increased in price from N6,500 to roughly N7,000, according to research findings. In January, a 50 kg bag of flour cost N20,000; today, it costs N22,000.
According to research done by our correspondent, wheat is still offered for sale in Akwa Ibom State markets, but the costs have increased as well.
They are accessible, though not in great abundance, according to research done after a trip to Uyo’s Etuk Street market.
According to research, a 10 kg bag of wheat costs N10,000, a 5 kg bag N5,000, a 2 kg bag N1,000 or N200, and a 1 kg bag N600, while a 50 kg bag of flour costs N21,000
Further research reveals that the small carton costs N3,100 while the 120kg and 100kg cartons of Indomie noodles cost N5,000 and N4,500, respectively.
While a packet of spaghetti costs N350, a carton of little Mimee noodles costs N2,500.
According to our correspondent who visited certain markets in Abuja, residents in the city are finding it difficult to meet their basic necessities due to the fluctuating cost of wheat goods like bread.
The majority of households have continued to complain about the increase in food prices. They claim that it is become increasingly difficult to feed the family, let alone meet their other needs.
When our reporter visited the Kubwa Village Market on Tuesday, he saw that the cost of several common foods had increased from the previous week.
“A bag of 10 kg of wheat that we sold for N4,500 last week is now going for N4,800. Last week, a bag of 10kg Semovita cost N5,200; today, it costs N5,550. Super pack Indomie cartons now cost N5,000. Indomitable noodles are now N3,100 a carton, while Supreme noodles are N4,800 per carton. Spaghetti now costs N6,600 for a container. According to a dealer who only gave his name as IB, a box of macaroni costs N6,400, but we sold about N6,000 last week.
There are other flour brands available on the market, and a well-known brand like Golden Penny now costs N22,000 instead of the N21,000 it did a few weeks ago.
Ada Chigozie, a resident of Kubwa, claimed that whereas in the past her family could afford N50,000 for a month’s worth of food, they are now unable to live comfortably for two weeks.
Johnson Taiwo, a different Kubwa resident, bemoaned how the increased cost of food was adversely affecting family budgets. Although market prices are rising daily, he claimed that salaries remained the same, making life intolerable for many.
In Nigeria, which flour works best for baking?
For general-purpose baking, Classic Flour is a premium flour prepared from a combination of excellent wheat. Bakers mostly employ premium bread flour to create a variety of bread and cake recipes that live up to Nigerians’ high standards for excellence. It is the option of preference for both bakers and people who buy bread.
How much flour is in a custard bucket?
According to Grace M. Hopper, “one precise measurement is worth a thousand expert judgments.” As old as mankind, measuring. Things have always been measured by people: length, weight, and distance. We no longer even consider measuring because it has become so simple to accomplish. This straightforward action has evolved through time. It was challenging to find a standard measurement for…
As old as mankind, measuring. Things have always been measured by people: length, weight, and distance. We no longer even consider measuring because it has become so simple to accomplish. This straightforward action has evolved through time. It was challenging for our forefathers to establish a standard of measurement in the beginning.
The use of the human body as a measurement tool dates back to ancient times. Africans used body parts to measure things differently, as well as occasionally objects like agriculture implements. Ntaji, which translates to 20 millimeters in the Igbo language, is the length of the middle portion of the average person’s index finger. Water and oil are measured in garawas, which is Yoruba for bottles, and respectively.
The markets in and around Nigeria and all of Africa are the most frequented locations where you may observe measuring in action. A small observatory that roams around well-known outdoor markets in Nigeria, including the Yankaba market in Kano, the Balogun Market, the New Benin Market, the Oja Oba in Ilorin, the Bodija Market in Ibadan, the Ogbete Market in Enugu, and the Oja Oba in Ilorin, reveals that grains and spices have a specific unit of measurement.
Before colonialism, our ancestors used a variety of methods to quantify their farm products for sale. The majority of these behaviors are still widely used today and are here to stay. Let’s investigate a few.
The mudu [pronounced: moo doo] is the unit of measurement used mostly in Northern Nigeria. Even while no two mudu are exactly the same size, they all have the same general shape—most often a cone. Similar in size are those in Kaduna, Taraba, Kastina, and Abuja, but those in Kano are twice as large. As a result, those from Kano call those from Kaduna “half mudu” or “tiya.” The smaller mudu found in Abuja’s capital city can hold 0.17 kg of grains, whereas the larger mudu found in Kano can hold 0.32 kg.
Tins, usually those from brands of evaporated milk, are the smallest unit of measurement. frequently called “goni goni,” and named after a well-known tin manufacturing enterprise. The empty 170g milk tin or 410g for the larger is a smaller container. The normal Kano mudu could be filled with around eight of the large milk tins while the Kaduna/Abuja mudu could be filled with about nine of the smaller milk tins. In Southwest Nigeria, the Kongo is the standard unit of measurement. For instance, most vendors in Balogun Market fill sacks with kongos, and customers frequently inquire about the cost of a kongo of rice or beans. While Lagos, Kwara, and Ekiti are slightly larger, Oyo, Ogun, and Osun are around the same size. A kongo consumes five times as much food as a large mudu, or roughly 1.5–1.7 kg of grains for local measurements. The smaller unit, the derica, is half of a kongo and is named after the tin tomato company.
Crayfish and the majority of grains are sold in plastic paint containers, often known as “painters,” in South-Eastern Nigeria. These are empty plastic storage containers that can be used to store custard or paint. These four-litre containers can hold roughly 2.75 kg of grains or food. Egusi, ogbono seeds, or bambara nuts are sold in smaller tins in Enugu’s Ogbete market that are reminiscent of those found in Northern Nigeria and include milk tins, tomato tins, and margarine tins.
In South-South Nigeria’s Benin City, the equivalent of a painter is “the tire. In Calabar’s Marian Market, “For the sale of gari, rice, beans, melon, and other seeds, cups are customary.
In the majority of Nigerian marketplaces, tomatoes, onions, and sweet potatoes or Irish potatoes are primarily sold by bulk in baskets, plates, or bowls. On a bigger scale, giant hand-woven baskets are used in wholesale and retail market sales. Arranged in heaps or mounds, the tomatoes, onions, or pepper balance on each other in a pyramid shape to fill this medium size plastic basket that is frequently used as home bins. A large basket of tomatoes often weighs between 40 and 60 kg, and those who can’t afford to buy in large quantities opt for the smaller plates or bowls, which are typically disposable plastic dinner plates.
These measurement systems are far from ideal because, rather than weighing the items, they measure their volume, which relies on their size, density, and how the seller fills them.
How much will flour cost in 2022?
Bakers need to think beyond short-term savings to stay afloat because the runaway flour price, which was brought on by the terrible weather in North American wheat-growing regions in 2021, the Russian invasion of Ukraine, and rising fuel costs, is expected to have a long-lasting effect on the bakery industry.
Wheat reached its highest price in almost a decade, reaching $8 per bushel, as a result of the impact of the unfavorable weather in North America on the harvest. The finished product’s retail price increased by 20% as a result.
After Russia’s invasion of Ukraine on 4 February and after India put an embargo on wheat exports on 14 May, the price once more increased, reaching $12.48 per bushel on May 16.
Wheat is currently $9.7650 a bushel as of 22 June 2022, with an average price of $10.75 per bushel during 2022–2023.
Bakery affordability toolbox
According to IFF, the weather, rising fuel prices, and the unresolved Ukrainian conflict are expected to have an impact not just on this year’s wheat harvest but also on sowing for 2023 and even 2024. This indicates that it is unlikely that the price of flour would decrease soon.
The affordability toolbox identifies four pillars: Optimise me, Keep fresh for longer, Affordable premium, and Back to the kitchen.
According to IFF, each pillar is depicted with ideas that, depending on the needs of its consumers, might provide assistance.
The requirement to develop cost-optimized solutions that offer customers the same quality produced at the proper price point, for instance, is the key difficulty faced by bakers and other food makers, according to Optimise me. Here, IFF steps in with a cost-reductions calculator, using the customer’s special recipe to determine cost savings. It focuses on three areas with the greatest potential for cost optimization:
While keeping the functional attributes corresponding to the typical projected flour yield, IFF provides ways to lower raw intake costs.
Through the employment of enzyme technology, IFF believes it can show the potential for yearly cost savings of between 3% and 5%in financial terms, or around 250,000*, by allowing the use of a lower grade of wheat or lower protein flour. This is based on internal baking testing.
Relative to the ingredient solution chosen, results from in-house baking trials indicate the possibility of yearly cost reductions of 1% to 2% from 40,000 to 180,000*.
(To permit securing bread production while preserving the palatable features of the completed product)
Through the use of enzyme technology, IFF’s baking testing showed the potential for annual cost savings of 1% to 2%around 100,000*by allowing the reduction or removal of a common, traditionally used bakery emulsifier.
*Based on the assumption that a bread producer uses 10,000 MT of flour annually; clearly, this amount will vary depending on the circumstances of each customer.
To learn how bakers may survive these trying times, BakeryandSnacks chats with Emeline Commun, IFF Bakery’s marketing lead for Europe, and Andy Flounders, the company’s principal application specialist for Europe, the Middle East, and Africa.