Why Is Corn Being Sold For N50? - Food - Nairaland
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| Why Is Corn Being Sold For N50? by Alpha2k(m): 5:46am On Jul 23, 2012 |
It is disturbing to see maize being sold for about N50 when the cost of producing a standard cob of fresh maize on the farm is N6. My expectation is that having charged marketers N6 to grow a standard cob of maize, giving an investment period of below 4 months, a 100% profit on investment is ok. Making it available to consumers at N20 or worst N25. |
| Re: Why Is Corn Being Sold For N50? by ITbomb(m): 8:17am On Jul 23, 2012 |
If that Corn was parcel in waterproof and a Made in EU with a price tag of 400 , you will rush it. Imagine the cost of production N6. After subsidy, do u know how much it cost to transport this products from the farm to where you can see it? 18 Likes |
| Re: Why Is Corn Being Sold For N50? by rareman(m): 8:41am On Jul 23, 2012 |
@ op, hope you are not complaining 'coz you ve not considered other factors. When produce @ N6, have u considered transportation, cost of boiling or roasting it, then d time factor, or are u saying your time is not worth anything? Sure I find corn @ N50 way too much but when I think of the above variable I ll have no choice than to buy. Btw can u expanciate on producing corn @ N6, I might be interested. 2 Likes |
| Re: Why Is Corn Being Sold For N50? by Alpha2k(m): 10:47am On Jul 23, 2012 |
What i do is grow maize for marketers @ N6/standard size. We agree on quantity eg. 50,000 standard size. 50,000xN6 =N300,000. A deposit is made for land preparation, planting, weed control & fertilzer. Balance paid at havest time. Farm site is in ogun state. Transportation of harvest cost about N25,000 depending on quantity & distance expecialy lagos. You can reach me on 08062408926. Austin. 1 Like |
| Re: Why Is Corn Being Sold For N50? by Agimor(m): 9:55pm On Jul 24, 2012 |
Must every trash make the front page god abeg o. 1 Like |
| Re: Why Is Corn Being Sold For N50? by Javanian: 9:57pm On Jul 24, 2012 |
What a thread  ok...lets blame GEJ 8 Likes |
| Re: Why Is Corn Being Sold For N50? by Kolade9(m): 9:58pm On Jul 24, 2012 |
JAMB question 1 Like |
| Re: Why Is Corn Being Sold For N50? by Jarus(m): 9:59pm On Jul 24, 2012 |
It sells for N50 only in cities, especially Lagos. Same is sold for N20 in my Kwara or any other rural area. Just as industrial products are also less expensive in cities, Lagos in particular, compared to rural areas. |
| Re: Why Is Corn Being Sold For N50? by stagger: 10:03pm On Jul 24, 2012 |
Alpha2k: It is disturbing to see maize being sold for about N50 when the cost of producing a standard cob of fresh maize on the farm is N6. Have you factored in the cost of transportation across our horrendous roads from the interior farms where corn is produced in large quantities to the city where you eat it? Considering that it has passed through at least 4 hands in the channel of distribution before it gets to you? The real cost goes into transport. If we had functional rail lines, such farm produce should be transported by rail and not by road. This is where your government needs to step up its game, not engaging in propaganda like "GEJ eats cassava bread". Meaning what? |
| Re: Why Is Corn Being Sold For N50? by julioralph(m): 10:07pm On Jul 24, 2012 |
Mr Poster, you are not serious at all  you 4 ask mr jona why d price of fuel b N97, or why him wife dey speak bad english. in fact they shud increase the price; that's if the majority of the profit will eventually end up in the hands of the poor farmers who sowed the seeds in the first place.  2 Likes |
| Re: Why Is Corn Being Sold For N50? by Nobody: 10:08pm On Jul 24, 2012 |
I have not eaten it in a decade,so I dont know why. |
| Re: Why Is Corn Being Sold For N50? by Ninilowo(m): 10:09pm On Jul 24, 2012 |
Agimor: Must every trash make the front page god abeg o. I wonder o. 1 Like |
| Re: Why Is Corn Being Sold For N50? by cardoso111(m): 10:10pm On Jul 24, 2012 |
price of production of corn is not N6.come for tutorial,Nigerianomics 101 |
| Re: Why Is Corn Being Sold For N50? by Nobody: 10:11pm On Jul 24, 2012 |
I cant remember the last time I set my eyes on corn. |
| Re: Why Is Corn Being Sold For N50? by Adesuwag(m): 10:12pm On Jul 24, 2012 |
C question |
| Re: Why Is Corn Being Sold For N50? by jude33084(m): 10:14pm On Jul 24, 2012 |
Corn is 2 for N50 in ♍♈ area in Benin. Fresh an d big |
| Re: Why Is Corn Being Sold For N50? by tellwisdom: 10:16pm On Jul 24, 2012 |
OGA, this topic is meaningless mehn |
| Re: Why Is Corn Being Sold For N50? by jude33084(m): 10:16pm On Jul 24, 2012 |
Billyonaire: I cant remember the last time I set my eyes on corn. ♍♈ guy corn is called mouth organ and I see it everyday during its season  |
| Re: Why Is Corn Being Sold For N50? by cheesome(m): 10:20pm On Jul 24, 2012 |
neva knew WASSCE officials are on NL @OP..couldnt care less! |
| Re: Why Is Corn Being Sold For N50? by Gen2jaynee: 10:21pm On Jul 24, 2012 |
Javanian: What a threadGEJ die well on Nairaland......''man killed wife''..lets blame GEJ na wa oo |
| Re: Why Is Corn Being Sold For N50? by ismhab(m): 10:21pm On Jul 24, 2012 |
IN THE UNITED STATE IT IS SOLD FOR 1 DOLLAR, THANK GOD IT IS 50 NAIRA IN NIGERIA, WITH ALL THE SUBSIDY THAT THE US USE TO GIVE TO IT FARMERS, AND IT IS THE LARGEST CULTIVATER OF CORN IN THE WORLD. 1 Like |
| Re: Why Is Corn Being Sold For N50? by tonyx4x44(m): 10:22pm On Jul 24, 2012 |
Javanian: What a thread |
| Re: Why Is Corn Being Sold For N50? by aare07(m): 10:23pm On Jul 24, 2012 |
Oyo town is blessed with corn. 8 big corns for 50 naira |
| Re: Why Is Corn Being Sold For N50? by nhiyo(m): 10:24pm On Jul 24, 2012 |
That's one of the effect of the removal of petrol subsidy. |
| Re: Why Is Corn Being Sold For N50? by Nobody: 10:26pm On Jul 24, 2012 |
Because U refuse to Go back to farm 1 Like |
| Re: Why Is Corn Being Sold For N50? by Nobody: 10:38pm On Jul 24, 2012 |
are u talking of one bag of corn or 1 lorry load of corn |
| Re: Why Is Corn Being Sold For N50? by BusHouse(m): 10:38pm On Jul 24, 2012 |
Na wetin pikin like nain dey pak in moni. |
| Re: Why Is Corn Being Sold For N50? by logo77: 10:38pm On Jul 24, 2012 |
stagger: I agree with you Stagger. Above all; the middle men/women make all the profit while the farmers remain impoverish. |
| Re: Why Is Corn Being Sold For N50? by phemi01(m): 10:38pm On Jul 24, 2012 |
Must u eat corn? If it's 2 expensive, g and plant ur own corn! 1 Like |
| Re: Why Is Corn Being Sold For N50? by DANILSA(m): 10:40pm On Jul 24, 2012 |
I completely disagree with u, I ones farmed with my grand ma,u did a wrong calculation because u did not add labour, fertiliser, transport etc. Pls check well its more than that, unless its commercial production. |
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