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Hoarders Lose As Food Prices Crash By 40% - Business (5) - Nairaland

Nairaland ForumNairaland GeneralBusinessHoarders Lose As Food Prices Crash By 40% (24043 Views)

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Re: Hoarders Lose As Food Prices Crash By 40% by donself9: 7:03pm On Mar 07, 2025
uglodoh:
Derica of rice in my area is between 950 and 1000, paint of garri 1500 and 2500, Bean is now 950 per derica
and someone feels i am liein ...

advanceDNA noted
Re: Hoarders Lose As Food Prices Crash By 40% by PrinceofAgoAre(m): 7:05pm On Mar 07, 2025
Ime never dey reflect oo

One cup of rice is still 300...
Re: Hoarders Lose As Food Prices Crash By 40% by Love800(m): 7:14pm On Mar 07, 2025
Thanks for the video.

In the video, you mentioned how you bought the rice, beans, etc from other neighbouring northern states. Did you buy them directly from farmers or from middle-men(distributors)?

You do the business alone or you have other partners that collabo with you?

You have workers?
Abokinmanoma:
Yes I do..

This is more like a Catalog of videos of my Agricultural Commodities Activities


https://www.youtube.com/watch?v=dJX0eD1wTAs?si=4AFOKoy6tXpvb-Pl
Re: Hoarders Lose As Food Prices Crash By 40% by Cajal(m): 7:15pm On Mar 07, 2025
helinues:
Those who are hoarding dollars would cry bitterly soon
Amen
Re: Hoarders Lose As Food Prices Crash By 40% by advanceDNA: 7:23pm On Mar 07, 2025
donself9:
and someone feels i am liein ...

noted
[/s][s]

I never said u lied.....u are the one calling urself a liar now
Re: Hoarders Lose As Food Prices Crash By 40% by Leviticuscreed: 7:33pm On Mar 07, 2025
This crash never reach portharcourt sha
Re: Hoarders Lose As Food Prices Crash By 40% by uglodoh(f): 7:47pm On Mar 07, 2025
donself9:
and someone feels i am liein ...

advanceDNA noted
Do not mind him, he is praying for prices to go up. I do not know what he will gàin from that.y
Re: Hoarders Lose As Food Prices Crash By 40% by proeast(m): 7:58pm On Mar 07, 2025
Very wicked government of liars! Where did these so called crash in foodstuff happen in Nigeria? In Aba, P.H, Asaba, Calabar or Enugu etc a bag of rice is still sold for 100k.

Prices of other food items like beans, garri, yam etc still remains very high. Nigerians are suffering and going hungry everyday, but the foolish incompetent idiots that see propaganda as alternative to good governance are here deceiving themselves. Even the stupid abobakus being used to promote lies will still go to the market only to discover they can't afford the food items.

Wasted generation!!!
Re: Hoarders Lose As Food Prices Crash By 40% by soccerlite: 8:02pm On Mar 07, 2025
Where are they selling rice 52k
Re: Hoarders Lose As Food Prices Crash By 40% by Ulogwe1: 8:05pm On Mar 07, 2025
merits:
Exactly 💯 this whole meal costs me #1000 only.

*4 fufu =#400
*Titus fish=400.
*2 meat=200
*Total =#1000.
If I tell you the location make I bend.
Link me up na.
What's going on?
Re: Hoarders Lose As Food Prices Crash By 40% by DMCY: 8:27pm On Mar 07, 2025
zero8zero:
https://guardian.ng/news/hoarders-lose-as-food-prices-crash-by-40/
Make I no talk wetin dey my mouth cause na pure curse ooo… you people are the first to inflate prices of foodstuffs blaming the dollar then…

I wonder why or how some people in this country turned to be this wicked…
Re: Hoarders Lose As Food Prices Crash By 40% by Smartwave: 8:30pm On Mar 07, 2025
Simisima:
But how come foodstuffs are still expensive in my area?
internal wickedness, but generally food prices seriously drop.

The level of dropping is even getting deeper in northern Nigeria.
Imagine, the price are cheaper now than during harvest period.
Re: Hoarders Lose As Food Prices Crash By 40% by mazumathe1st(m): 8:42pm On Mar 07, 2025
merits:
Exactly 💯 this whole meal costs me #1000 only.

*4 fufu =#400
*Titus fish=400.
*2 meat=200
*Total =#1000.
If I tell you the location make I bend.
...this is benue state ..looks like gboko
Re: Hoarders Lose As Food Prices Crash By 40% by bluefilm: 8:45pm On Mar 07, 2025
Audio crash in food prices
Re: Hoarders Lose As Food Prices Crash By 40% by rayvelez(m): 8:58pm On Mar 07, 2025
It is online food prices dey crash
Re: Hoarders Lose As Food Prices Crash By 40% by tomwealth: 9:32pm On Mar 07, 2025
Food inflation in Nigeria is as a result of indirect stomach infrastructure carried out by politicians and cleagy men across Nigeria. They buy in buck, stock up for mass distribution thereby causing shortages in the market. The act which intensified since COVID 19 year 2020 till last Dec 2024.
Re: Hoarders Lose As Food Prices Crash By 40% by Faposky95: 9:44pm On Mar 07, 2025
Not sounding confused.....
When I hear that we should pray for this country or this land, as a Yah lover, I ask, what hasn't been paid for by the Blood of the Precious One.....
I am blessed that I haven't never bought these concepts of distress unto my soul.
I have seen us throw away the baby with the bath water, and walk away laughing......
The type of people we are.....?!
Re: Hoarders Lose As Food Prices Crash By 40% by Lekan239(m): 9:54pm On Mar 07, 2025
Philipponzaghi:
So they have been hoarding it? What is their benefit?
if price is not going up, they should buy more and store which will create scarcity so price will go up
Re: Hoarders Lose As Food Prices Crash By 40% by Abokinmanoma: 10:01pm On Mar 07, 2025
Love800:
Thanks for the video.

In the video, you mentioned how you bought the rice, beans, etc from other neighbouring northern states. Did you buy them directly from farmers or from middle-men(distributors)?

You do the business alone or you have other partners that collabo with you?

You have workers?
JAMB Question yi ti Poju nao grin
I Have Crops I farmed myself from my own farm. Of course I can't farm every crop item in one farming season so I liase with the farmers union and corporative to get produce direct from owners sometimes too
Re: Hoarders Lose As Food Prices Crash By 40% by Offpoint1: 10:31pm On Mar 07, 2025
Simisima:
But how come foodstuffs are still expensive in my area?
Media propaganda is different from reality... The only difference is like 1-3k drop for those buying from bags.

Drop won't even be felt because those who yet to restock won't sell at a loss
Re: Hoarders Lose As Food Prices Crash By 40% by Johnn74: 10:52pm On Mar 07, 2025
Simisima:
But how come foodstuffs are still expensive in my area?
grin cool
Re: Hoarders Lose As Food Prices Crash By 40% by merits(m): 10:59pm On Mar 07, 2025
mazumathe1st:
...this is benue state ..looks like gboko
don't cast.the update 🤣
Re: Hoarders Lose As Food Prices Crash By 40% by merits(m): 11:01pm On Mar 07, 2025
Ulogwe1:
Link me up na.
What's going on?
🤣🤣 location is food basket of the Nation I hope you code the update?
Re: Hoarders Lose As Food Prices Crash By 40% by mankan2k7(m): 12:02am On Mar 08, 2025
But no effect in Ekiti state No food prices crashed, status quo is still been maintained.
Re: Hoarders Lose As Food Prices Crash By 40% by olureignforever: 2:10am On Mar 08, 2025
iwaeda:
Which food has crashed. I went to Oke -Arin with my wife over the weekend. Things are not smiling. 40% ko 140% ni. How much is bag of rice now. grin grin grin grin
It's still as a result of greed. For the past three weeks, food prices has greatly dropped. Module of beans here in Abuja is 1,500. Corn 900 as against 1,200 we bought in Jan/ part of February.

Food prices prices rarely drop in the southern part of Nigeria because of transportation cost.
Re: Hoarders Lose As Food Prices Crash By 40% by Love800(m): 2:27am On Mar 08, 2025
I appreciate!
Abokinmanoma:
JAMB Question yi ti Poju nao grin
I Have Crops I farmed myself from my own farm. Of course I can't farm every crop item in one farming season so I liase with the farmers union and corporative to get produce direct from owners sometimes too
Re: Hoarders Lose As Food Prices Crash By 40% by MASTERMIND04(m): 2:56am On Mar 08, 2025
The prices of food stuff are not crashing anything where I am. I don't understand biko
Re: Hoarders Lose As Food Prices Crash By 40% by udeh3(m): 5:43am On Mar 08, 2025
I must say this price drop is only on SM as we've not seen it translating into the reality of living in my area.

If the rumor is true, then, the agency responsible for regulating market prices should get into the markets and start arresting sellers selling otherwise
Re: Hoarders Lose As Food Prices Crash By 40% by Ulogwe1: 5:47am On Mar 08, 2025
merits:
🤣🤣 location is food basket of the Nation I hope you code the update?
Benue sweet be that oooo. But I no fit leave my ph for now. Anyways thanks.
Re: Hoarders Lose As Food Prices Crash By 40% by ochombia1: 6:11am On Mar 08, 2025
Saga16:
Na who you wan make e pay the price wey you dey charge?
I wonder oo
Re: Hoarders Lose As Food Prices Crash By 40% by 7lives: 7:21am On Mar 08, 2025
Acidosis:
A bag of rice is N56,000?? In which of the markets?

When Tulumbu supporters are done f o o l i n g one another on Nairaland, they will all go back to default and reality mode. Lol
You better wake up and smell the coffee.
A derica of rice at my end here is 1,100.
Some are claiming they bought it for 1k.
Beans too is 1000 per derica.
A bag of rice contain 64 cups, so where is the lie.
Muslims are happy, they said foods are not expensive.
Re: Hoarders Lose As Food Prices Crash By 40% by 7lives: 7:27am On Mar 08, 2025
stagger:
I am loving this. Last year, we were buying maize for poultry feed at N950.

It is now N600. Even soyabeans that was N1200 and N1300 has crashed to N850.

Looking forward to bumper Eid-El-Fitri sales.
No loud am, Rice 1,100, some 1000, beans 1000.
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