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Home BUSINESS / ENTREPRENEURSHIP

Prices of Garri, Tomatoes, others drop in Anambra

Onyeka by Onyeka
August 21, 2024
in BUSINESS / ENTREPRENEURSHIP
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A survey in major markets in Awka, Anambra, showed that a bag of garri now costs N75,000 as against N90,000 in June.

Also, a basket of tomatoes, which sold for N100,000 in June, has come down to between N80,000 and N85,000.

A paint bucket of the commodity came down from N12,000 in June to between N7,000 and N6,000.

Similarly, the price of a bag of chilli pepper reduced from N120,000 to N60,000, while a paint bucket that sold for N8,000 now sells for N3,500.

A paint bucket of Cayenne pepper, known as Sombo, dropped from N15,000 to N10,000.

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Furthermore, a paint bucket of crayfish, which was sold at N6,500, now goes for N5,000.

A bag of onions now sells for N110,000, as against N130,000 in June.

A bag of potatoes also came down from N18,000 to N13,000.

A tuber of new yam now sells for between N3,000 and N5,000, depending on the size.

As of June, similar sizes of yams sold for between N2,000 and N5,000 per tuber.

A foodstuff seller, Mrs Chinenye Uba, attributed the drop in the prices of yam, potatoes, tomatoes, pepper and onions to the harvest season.

According to her, the prices of other food items, such as beans and rice, are still high in the market.

A 50-kg bag of beans, that was sold for N240,000 in June now goes for N260,000.

Uba said the high cost of transportation was largely responsible for the high cost of foodstuffs because they were mostly brought in from other states.

“I believe that if the Federal Government can reduce the price of fuel, prices of food items will also come down,” she said.

A farmer, Mr Godwin Mbadugha, attributed the gradual decrease in the prices of foodstuffs to seasonal variations.

“Many food items are being harvested during this period; so, when there is an increase in supply, prices will likely reduce.

“Farmers return to farms during the rainy season, which is when we usually experience a hike in prices but during the harvest period, prices come down,” Mbadugha said.

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