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Food Prices Crash To Give Nigerians A December To Remember - Business - Nairaland

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Food Prices Crash To Give Nigerians A December To Remember by postbox: 7:40am On Dec 18, 2017
Respite comes to Nigerians as prices of some staple food items decrease steadily in key markets across the country. Food prices had remained high in previous months impacting consumers’ already shrunk disposable income and contributing to the daily woes they experience based on the state of the economy.

BrandSpur Ng’s current food market index, an analysis of market prices in Lagos, Oyo, Delta, Enugu and Kano – a representation of the 6 geo-political zones in the country was compiled from the 9th of November 2017 to the 9th of December 2017.

Key Highlights

Price of rice decreased slightly in the South West (-3%) and North (-1) but increased marginally in the South South (+5%) and South East (+2%).The market in Oyo State has the most stable price range among the markets visited all over the country.The price of onion decreased in all markets asides Lagos – with Kano having the least price, however, 100kg of onion in Oyo State sells for almost 3 times the Kano price, and about 2 times the Kano price in Lagos and Delta.The price of palm remains on the high especially in Enugu and Lagos, as it index 110% in the current period

 

..Garri (White)Maize (White)Palm oil (Red)Sorghum (Red)9095100105110

CommodityNovember IndexDecember IndexDrum Beans (Olotu)10197Garri (White)9998Groundnut (Edible)10596Maize (White)10094Onion (Violet)97Palm oil (Red)101110Rice (Imported)105104Sorghum (Red)95102Soya Beans108104

Source: https://brandspurng.com/food-prices-crash-to-give-nigerians-a-december-to-remember/

Re: Food Prices Crash To Give Nigerians A December To Remember by sammyp01: 7:52am On Dec 18, 2017
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