Dealers, consumers reveal the reason for the hike in crayfish prices

• Crayfish dealers person announced an summation successful prices, reaching arsenic precocious arsenic 150%, citing scarcity arsenic the reason
• Findings amusement that a overgarment bucket of crayfish has risen from N4,000 to N5,000 successful aboriginal 2024 present sells for betwixt N12,500 and N14,000.
• The dealers disclosed that the seafood is presently off-season, accounting for the crushed for precocious price

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Crayfish prices person risen successful large markets successful Lagos, causing consumers to edifice to rationing the fashionable seafood.

According to a survey by the New Agency of Nigeria, a overgarment bucket of crayfish has risen from N4,000 to N5,000 successful aboriginal 2024 present sells for betwixt N12,500 and N14,000.

Sellers denote changes successful crayfish successful Nigerian states Credit: NurPhoto / Contributor
Source: Getty Images

Also, a measurement antecedently sold for N4,000 present sells for betwixt N75,000 to N80,000, respectively.

Traders and consumers explicit concern

According to the report, a cupful of crayfish present sells for betwixt N3,000 and N4,000, and a handbasket of crayfish presently goes for betwixt N260,000 and N350,000.

The traders and consumers expressed concerns implicit the hike, saying that the seafood is costly due to the fact that it is off-season, which affects prime and quantity, with sparsely filled bags.

The NAN study quoted the treasurer of Oyingbo Foodstuff Market Association, Abigail Onu, arsenic saying that the precocious outgo was owed to its off-peak period.

Onu disclosed that the hike successful terms is not new, arsenic it happens annually, due to the fact that it is simply a seasonal seafood.

Crayfish is off-season 

Other traders highlighted mediocre retention arsenic the crushed the merchandise does not past successful the market.

She revealed that traders are cautious with supplies to debar rot.

Meanwhile, consumers person lamented the precocious outgo of the staple, saying that they person to trim the quantity they acquisition due to the fact that of its precocious price.

The NAN study says Nigerians spot crayfish arsenic not conscionable an constituent but an indispensable flavour successful the meals.

Crayfish can beryllium prepared full oregon successful pulverization form, elevating the astir basal repast into a wholesome experience.

It is valued successful dishes specified arsenic egusi soup, different crockery varieties, and jollof rice.

Food ostentation drops

The improvement comes arsenic nutrient prices person crashed successful Nigeria, with the National Bureau of Statistics (NBS) saying that food inflation has reduced to 23.71% successful April 2025.

The statistic assemblage announced this connected Thursday, April 15, 2025, erstwhile it released the April 2025 ostentation data.

The NBS said that the question for the reappraisal play showed a 0.52% diminution comparative to the March 2025 ostentation figure.

Sellers explicate the crushed for the hike successful crayfish prices successful Lagos. Credit: Legit.ng
Source: Original

Every month, the ostentation complaint successful April 2024 was 1.86%, representing 2.04% little than the complaint recorded successful March 2025 astatine 3.90%.

 Prices of nutrient items clang by 40%

Legit.ng earlier reported that atom hoarders are crying implicit a 40% dip successful nutrient costs betwixt December 2024 and March 2025.

Many traders bought grains successful December for storage, hoping to merchantability astatine higher prices from February to March.

However, atom prices person continued to plummet arsenic a 50kg container of beans sold betwixt N100,000 and N140,000 has crashed to N75,000 and N85,000.

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Source: Legit.ng