Market data has revealed that shea nut prices in Nigeria are stabilising after a brief dip following the federal government’s ban on raw exports.
Prices, which fell sharply in the days immediately after the announcement, have steadily rebounded as domestic processors step in to absorb supply.
Today, average prices are approaching pre-ban levels, signaling growing confidence in the policy. Market data showed that shea nut prices in Nigeria are stabilizing after a brief dip following the Federal Government’s ban on raw exports.
Before the policy was announced, prices averaged around N850 per kilogram. In the days immediately following the announcement, prices fell sharply to about N570 per kilogram as traders and middlemen adjusted to the new market realities.
However, by mid-September, prices had rebounded to N710 and N800 per kilogram towards the end of Septmener, indicating renewed confidence and an emerging balance between supply and demand.
As of today, the average market price for shea nuts stands at approximately N1,000 per kilogram, reflecting both recovery and growing stability.
This direction aligns with the 30% Value Addition Bill, championed by the Raw Materials Research & Development Council (RMRDC) and passed by the Senate in July 2025.
Now awaiting concurrence in the House of Representatives and Presidential assent, the Bill mandates that no raw material of Nigerian origin be exported without at least 30% domestic processing.
