The price of groundnut seeds in Nigeria varies from ₦2,000 - ₦2,700 per kilogram depending on the variety. The price of hybrid groundnut seeds is usually higher than the price of open pollinated groundnut seeds.
The price of imported groundnut seeds is also usually higher than the price of locally bred groundnut seeds.
The table below shows the price of groundnut seeds in Nigeria:
Price of Groundnut Seeds per KG ₦
Factors that affect the price of groundnut seeds
The following are some of the factors that affect the price of groundnut seeds in Nigeria:
Variety of Groundnut Seeds
The variety of the groundnut seeds can determine the price of the groundnut seeds. Some varieties are expensive than others. For example, groundnut seeds bred by research institutes in the northern part of Nigeria are usually cheaper than those developed by research institutes in the southern part of Nigeria.
The price of hybrid groundnut seeds is usually costlier than the price of open pollinated seeds. It should be noted that hybrid groundnut seeds are almost non-existent in Nigeria, they are very scarce. However, there are improved open pollinated groundnut varieties in Nigeria.
Place of Production
The price of groundnut seeds bred by government owned research institutes is usually cheap. Groundnut seeds developed by private institutions are usually more expensive as they do not enjoy any type of subsidy.
Place of Purchase
The place of purchase of your groundnut seeds can also impact the price. For example, Veggie Concept sells groundnut seeds cheaper than other vendors because it is a wholesaler and distributor to many seeds producing companies.
Do you want to know the price of groundnut seeds? If yes, kindly contact us on 08025141924.
Read our post on groundnut farming here.
Buy our groundnut seeds here.