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Food Prices Crash In Asaba - Business - YukHub

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Food Prices Crash In Asaba by johneewalker: 08:24am On 9 Sep

Prices of staple food, including garri, yam and potatoes, have crashed in Asaba and environs, a market survey by the News Agency of Nigeria (NAN) has shown.

Buyers at the Ogbe Ogonogo Market, on Sunday, expressed happiness over the situation as the food dealers attributed the price fall to the reduction in the cost price of the items.

Some farmers said the reduction in the prices was due to the bumper harvest which resulted from early and adequate rainfall in Delta and other neighbouring states.

Mrs Angela Okonta, a food dealer, told NAN that a measure of garri which was previously sold for N20,000 now sell for 17,000.

According to her, a bushel of garri which sold for N1,000 in June now went for N700.

“A bag of potatoes was sold for N2,000 some months ago, but now we sell it N1400.

“A medium size tuber of yam previously sold for between N500 and N600 is now sold for between N300 and N400, depending on the buyer’s bargaining power,” she said.

A rice seller, Mr Eugene Nkenchor, said that a 50 kilogramme bag of rice which was earlier sold for N18,000 now sold for N17,000..

He said that there was a slight drop in the price of white beans as a bag of the commodity now went for N15,000 instead of N16,500.

“But there is a slight increase in the price of brown beans. A sack of brown beans earlier sold for N17,000 now costs N17,500.

A farmer, Mr Nwanne Obi, said there had been good harvest in the state this year due to early and adequate rainfall.

Obi said that the yams currently in the market were planted in the riverine communities between November and December last year.

He said the ones cultivated upland between March and April had yet to mature, pointing out that it took a minimum period of six months for them to mature.

According to Mr Bartholomew Isichie, another farmer, garri and other products of cassava cost higher during the dry season because of the difficulty in harvesting the crops.

“During the rainy season, it is easier to harvest; the soil is soft and it is easy to dig out cassava tubers.

He said that potatoes were much available in the market and cheap because the crop was usually planted in March and April and that it required only three months for it to mature. (NAN)
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Date: Saturday 16th December 2017 at 05:44 PM

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