Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding - Food (2) - Nairaland
Nairaland Forum / Nairaland / General / Food / Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding (36500 Views)
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| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by GemUnique(m): 8:20am On Feb 13 |
Fortuneed: Una go just talk wahhhh Hoarding create artificial scarcity, and spike price of commodities. It's just normal economics. 1 Like |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by arantess: 8:21am On Feb 13 |
Paraman:How are they hoarding food? If you are a wholesaler, will you not have a warehouse of goods that you sell to retailers and others? 1 Like 1 Share |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by RepoMan007: 8:22am On Feb 13 |
They will regret it when they run out of stock before new harvest and it starts selling for higher. 1 Like |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Ladiesdoctor(m): 8:23am On Feb 13 |
Na Buhari caused this hardship He was warned severally about the dangers of borrowing He kept borrowing Blame Buhari |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by laivwire(m): 8:24am On Feb 13 |
Screams propaganda |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by jmoore(m): 8:24am On Feb 13 |
Propaganda. You are selling at a price lower than what the manufacturer of the product sells. Na fake product una dey sell. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Goodlady(f): 8:24am On Feb 13 |
Na only Kano dem release for? Other states nko |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by komzy589(m): 8:24am On Feb 13 |
Olachase:Oga you’re the stupid person. Prices of food items are conspicuous. It is the last thing any sensible government will use a propaganda on. Even a 2 year old will be laughing at your stupidity. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by NOETHNICITY(m): 8:26am On Feb 13 |
Nigerians we are the ones undoing ourselves and not government. Government cannot always follow us to our bedrooms to know what we are always up to. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by dbestcno(m): 8:27am On Feb 13 |
Reducing ₦1000 be crashing abi discount? Reduce it by ₦5k or ₦10k joor |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by smileyoo: 8:28am On Feb 13 |
abeg, nairaland I no fit talk too much this early morning, which trader will agree to sell at a loss , and even if it's possible, for how long ? lies and propaganda can't solve problems, better urge your government to be responsible to its duties of protecting farmers to go to their farmlands and work. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by shonepa(m): 8:29am On Feb 13 |
Any small thing propaganda, Nigerians like free things....saahrah! Ignorance no far from dem at all. Wetin una dey see with una eye, everyday but deny it when govt talk em own. This set of ignorant people re built on Auto failure, dem no just want make dis govt thrive in any way or form, so u can justify one yeye point. And the funny thing, na dem suffer pass. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Acidosis(m): 8:30am On Feb 13 |
Sugar in the company is sold for N72,000 but we sold it N70,000. Rice is sold at N65,700 now but we sold it at 57,000 to 60,000. LMAO  |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Bimpe29: 8:31am On Feb 13 |
It is going to be well with us |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by advanceDNA: 8:31am On Feb 13 |
2023Blessed: They are not even running at any loss.... because 72k to 70k is not anywhere close to an example of crashing price.... 1 Like |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Akaraiwe(m): 8:32am On Feb 13 |
Not a good move….. they will surely shy away from restocking. Then the reality begins |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by nairalanda1(m): 8:32am On Feb 13 |
Well, well well, well well, well well......  |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by lrdval: 8:32am On Feb 13 |
Fortuneed:don't mind them. This is what kept us here today. Using propaganda to run govt. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by nairalanda1(m): 8:33am On Feb 13 |
2023Blessed: Nigerians do not believe in the free market, until it is their business empire. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Ifyz0001: 8:34am On Feb 13 |
They have started dishing out lies...open the land borders let people import food to crash the prices of everything...is it only 10 warehouse that will crash the price in the entire country?? |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by adecz: 8:35am On Feb 13 |
This is simply a political move that can't be sustained. By the time the stock with the traders finish, rice will hit N100k... When the new CBN Governor came on stream, dollars went from 800 to 1k, he said he will bring the exchange rate back to 700 & he achieved this by borrowing 💲3bn from abroad. As the 💲3bn finish, naira has gone to 1500. APC simply have no idea on how to run a country. All they know is just politics❗️❗️❗️ |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Haaland21: 8:36am On Feb 13 |
Fortuneed: I know good news gives you sorrow. Go for deliverance. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by newnigerdelta00: 8:36am On Feb 13 |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by udemzyudex(m): 8:36am On Feb 13 |
Lies |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by udemzyudex(m): 8:38am On Feb 13 |
Paraman: Oga there's no scarcity of foodstuff, so nobody is hoarding anything it's all lies. Price are just high. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Bluntemperor: 8:38am On Feb 13 |
femisplash: |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Procashtips(m): 8:39am On Feb 13 |
This is needed mostly here in the South. Too many greedy, wicked and self centred people are here from the government, public, and private sectors down to the common man. Majority waiting to rip the other person off. |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Realguyman1(m): 8:39am On Feb 13 |
GemUnique:At least u made mention of of economics, and if u really understand economics in school, u wouldn't have said what u just said. Those guys are businessesmen and women and they have every right to hoard what they bought with their money. It is all over the world and not just Nigeria. Nigeria government should stop all this propaganda and face their responsibilities and leave those guys alone. There is no food scarcity anywhere in Nigeria, price are just high in everything due to Buhari and now Tinubu senseless & wicked policies |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Ray369: 8:41am On Feb 13 |
The Marketers( retailers) are following trend of the distributor/manufacturer price so as to be able to purchase the exact quantity they sold..they don't want their quantities to reduce that's why they keep increases the retail price as the distributor/manufacturer increases..it's simple commerce. All I know is the major factor that determines prices of goods and commodities is the exchange rate and fuel price(transportation). Assuming a retailer have 100 bags of rice bought at #50k per bag in stock Andi sell at #55k per bag ...and the distributor said the next supply will be at #65k per bag... definitely he won't be able to meet up to the quantity (100 bags ) and the retailer has to increase the price of the current goods in stock so as to be able to meet up with the quantity (100 bags) in stock on the next supply..that's what's happening..by they way they too buy other goods and products which their prices has increased so it's tit for tat. Whats the minister of Finance saying about this ? All prices control agencies are silent and quite too! Naija for show 2 Likes 1 Share |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by EdiskyHarry: 8:42am On Feb 13 |
Very funny, Only APC useless supporters will believe this nonsense |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by lamalang(m): 8:45am On Feb 13 |
Good moves. For my state the Governor himself de hoard grains |
| Re: Kano Traders Crash Food Price 24 Hours After 10 Werehouse Were Seal For Hoarding by Ray369: 8:45am On Feb 13 |
All they know is propaganda and how to use Media to deceive us... they have nothing in stock! Nothing! adecz: 1 Like |
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