Prices of food commodities slide down in Taraba
Prices of food commodities slide down in Taraba
There is a general downward slide in the prices of food commodities in Taraba markets, the News Agency of Nigeria (NAN), reports.
A correspondent of NAN, who visited some markets in the state, reports that prices of most food commodities have been reduced to half currently as against the cost in 2024.
In Mallum Market of Ardo Kola Local Government Area (LGA) of the state, a 50kg bag of maize is now being sold for N20,000 as against N45,000 last year, and its measure hitherto sold at N1,500, now costs N500.
Also, a 50kg bag of soyabeans that was sold for N90,000 in the period under review has gone down to N45,000, and a measure now goes for N1,000 against the previous price of N2,500.
Similarly, a 50kg bag of white beans is now selling for N60,000 against the previous price of N120,000, while a bag of brown beans nosedived to N55,000 against its previous price of N125,000.
Five medium-sized tubers of yams are now selling for N8,000 against last year’s price of N12,000.
Equally, a measure of Red Garri is now being sold for N1,500, while a measure of white Garri now goes for N1,200.
A measure of Cassava flour (Alubo) now sells for N200 against its previous price of N600, as a complete bag now goes for N8,000 against the previous price of N18,000.
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Malam Usman Jahun, a trader in Mallum Market, expressed concern that even with the sharp drop in prices of food commodities in markets, turnover remained low due to poor patronage.
Jahun attributed the poor sales to low purchasing power from buyers.
Mrs Patricia Yahaya, another trader in yams and others, observed that the price of yam was still fluctuating because farmers did not enjoy bumper harvests in the produce as they did in grains.
According to Yahaya, however, the current price of yams is not too different from its cost in 2024.
It is worthy of note that the measuring bowl in some states in the North East, such as Taraba and Adamawa, is almost two times the size of the one in most northern states and the FCT.
