Foodstuff Prices Go Up Marginally - Report

Foodstuff Prices Go Up Marginally - Report

A survey by Esoko, a for-profit company with a mission to make agriculture a profitable business for smallholder farmers indicates that prices of foodstuff have increased marginally in Ghanaian markets at the end of October 2015.

According to the survey tomato made the highest increase of 7 percent to close the week at an average price of GH¢ 9.00 per ‘medium size tomato tin.”

This was followed by Yam (pona) with 4 percent gain in price to close the week at GH¢ 3.90 per medium size tuber. Maize and Cassava (fresh tubers) also followed with 3 percent gain each. Both closed the week at GH¢ 4.30 and 3.50 per olunka and per 3-4 tubers respectively.

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Soybean also gained 2 percent to close the week at GH¢ 6.80 per olunka and Millet dropped 4 percentage to close at an average price of GH¢ 4.90 per olunka. The other commodity prices remained the same. On the various markets, the price for an “olunka” of maize gained by 25 percent in Dambai to close the week at GH¢ 5.00 whiles in the other markets the price remained the same.

According to Esoko Ghana a medium size tomato tin full of fresh tomatoes lost 43 percent in Dambai to close the week at GH¢ 3.10.

The commodity however made gains in Accra, Kumasi and Takoradi. In Accra, it gained 17 percent to close at GH¢ 10.80. Kumasi and Takoradi both gained 25 percent each to close the week at GH¢ 7.20 and GH¢ 18.00 respectively. In the other markets, the prices remained the same.

Credit: esoko.com

 

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