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Enugu Traders Count Losses As Beans Prices Crash - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessEnugu Traders Count Losses As Beans Prices Crash (22099 Views)

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Re: Enugu Traders Count Losses As Beans Prices Crash by Lanruze: 12:05pm On May 03, 2025
Keep quiet there !

You posted the story still ran to comment section to comment ?

The difference of N160k to N140k is the loss. N20k per bag is the loss worth the long epistle ?

How much was Beans post- Tinubu era and who told you that food prices were not directly impacted with the removal of PMS subsidy ?

Mind yourself this morning ooo.





zero8zero:
Greedy Nigerians but the President is always the scape goat, blame FG even for the greed of the traders. You hoard foods just for the purpose of hiking the price in the future, yet Nigerians insults the Government over artificial high food prices. It is only in Nigeria that prices come down and they will refuse to lower price, when fuel comes down, transporters refuse to lower price. Even in the North, some traders are angry food prices are crashing. Enemies of the state.
Re: Enugu Traders Count Losses As Beans Prices Crash by abc115: 12:05pm On May 03, 2025
Charis15:
It doesn't still mean that the government is not clueless and incompetent.
President Bola Tinubu is the best President in the history of Nigeria
Re: Enugu Traders Count Losses As Beans Prices Crash by Wehustle: 12:05pm On May 03, 2025
Does this reflect to the cup of beans in the market?
Re: Enugu Traders Count Losses As Beans Prices Crash by McStoic(m): 12:05pm On May 03, 2025
TallNigerian:
You are thieves and deserve all the losses and more. God will continue to punish all of you. Greedy merchants and middlemen. Senseless hoarders.

Every part of the bolded statement reeks of enormous greed, selfishness, wickedness and any other name evil assumes.
Seconded bro!
Re: Enugu Traders Count Losses As Beans Prices Crash by RepoMan007: 12:06pm On May 03, 2025
Lol. Speculators.

Dollar will reach N10,000. It will reach N50,000.
Re: Enugu Traders Count Losses As Beans Prices Crash by zero8zero(op): 12:07pm On May 03, 2025
PresidObi:
With this write up, you expose your ignoramus standards grin

Seasonal price changes happen every year, as new harvest happens, things will become a little cheaper, until the next planting season when the new harvest will be getting dried up by demands. Go back and read your economic textbooks, demand and supply dictate prices, and not greed. Traders are experts with demand and supply seasons, and they flow with the tide, and swim in profits regardless of anything you think.
In Defense of senselesness. Why do they hoard the beans for one year with the hope of selling it at higher price?. Typical ipob
Re: Enugu Traders Count Losses As Beans Prices Crash by Nobody: 12:07pm On May 03, 2025
.
Re: Enugu Traders Count Losses As Beans Prices Crash by Nobody: 12:09pm On May 03, 2025
Non of them ever loud their gains
Re: Enugu Traders Count Losses As Beans Prices Crash by PresidObi: 12:09pm On May 03, 2025
zero8zero:
In Defense of senselesness. Why do they hoard the beans for one year with the hope of selling it at higher price?. Typical ipob
Why does the abowki dollar sellers hoard dollars for 3 years hoping it will reach 10,000 naira? grin
Re: Enugu Traders Count Losses As Beans Prices Crash by masseratti: 12:10pm On May 03, 2025
PresidObi:
The ewu that wrote the above piece doesn't know that traders has mastered the art of seasonal price fluctuations which they experience yearly since 1900 grin

Nobody will lose a dime, you just load up on the cheap new stock and add your price and sell, as the seasons turn the other stock will rise and you start selling the costly ones at high prices.

They experience this every year, but propaganda mills will write nonsense to sell their bigotry.

People pump rubbish news according to their hateful expectations and go back to laugh at their idiocy.
This is not business but pure greed... hoarding of wheat by Parisian traders was what brought down the mornachy cause revolution in France.

The right thing is state government or lgas should build mills and silos..flood the market when there is scarcity..but trust me the government personel in charge will still rip the people up..we are just caused .
Re: Enugu Traders Count Losses As Beans Prices Crash by missionmex(m): 12:11pm On May 03, 2025
PresidObi:
With this write up, you expose your ignoramus standards grin

Seasonal price changes happen every year, as new harvest happens, things will become a little cheaper, until the next planting season when the new harvest will be getting dried up by demands. Go back and read your economic textbooks, demand and supply dictate prices, and not greed. Traders are experts with demand and supply seasons, and they flow with the tide, and swim in profits regardless of anything you think.
Don't mind them. It's a normal thing even in the north. The truth is that cereals did well in the north last year. Our prayer is that it will even do better this year.
Re: Enugu Traders Count Losses As Beans Prices Crash by laivwire(m): 12:11pm On May 03, 2025
Bat is the next best thing after slice bread. So the source deduces. wink
Re: Enugu Traders Count Losses As Beans Prices Crash by zero8zero(op): 12:11pm On May 03, 2025
PDPdestroyer:
No need selling your goods at a loss, Obidients prefer the expensive beans, they will help you buy everything in no time to punish Tinubu grin
They should use their Obidient ID they're collecting from their portal to go and buy it.
Re: Enugu Traders Count Losses As Beans Prices Crash by zero8zero(op): 12:13pm On May 03, 2025
missionmex:
Don't mind them. It's a normal thing even in the north. The truth is that cereals did well in the north last year. Our prayer is that it will even do better this year.
And when prices of cereals crash, you will cry.
Re: Enugu Traders Count Losses As Beans Prices Crash by zero8zero(op): 12:14pm On May 03, 2025
PresidObi:
Why does the abowki dollar sellers hoard dollars for 3 years hoping it will reach 10,000 naira? grin
Has it reached 10,000 now?
Re: Enugu Traders Count Losses As Beans Prices Crash by DrAda(f): 12:16pm On May 03, 2025
dawnomike:
Investors or hoarders...?
Exactly what they are
Re: Enugu Traders Count Losses As Beans Prices Crash by PresidObi: 12:16pm On May 03, 2025
masseratti:
This is not business but pure greed... hoarding of wheat by Parisian traders was what brought down the mornachy cause revolution in France.

The right thing is state government or lgas should build mills and silos..flood the market when there is scarcity..but trust me the government personel in charge will still rip the people up..we are just caused .
I asked the other guy if you read about greed in your economics classes?

Answer me.
Re: Enugu Traders Count Losses As Beans Prices Crash by Omoluba001: 12:16pm On May 03, 2025
PresidObi:
With this write up, you expose your ignoramus standards grin

Seasonal price changes happen every year, as new harvest happens, things will become a little cheaper, until the next planting season when the new harvest will be getting dried up by demands. Go back and read your economic textbooks, demand and supply dictate prices, and not greed. Traders are experts with demand and supply seasons, and they flow with the tide, and swim in profits regardless of anything you think.
bro you are senseless
Re: Enugu Traders Count Losses As Beans Prices Crash by PresidObi: 12:17pm On May 03, 2025
zero8zero:
Has it reached 10,000 now?
Are they hoarding dollars or not?
Re: Enugu Traders Count Losses As Beans Prices Crash by PresidObi: 12:17pm On May 03, 2025
Omoluba001:
bro you are senseless
Since you cannot debate but curse, I will block you.
Re: Enugu Traders Count Losses As Beans Prices Crash by missionmex(m): 12:19pm On May 03, 2025
zero8zero:
And when prices of cereals crash, you will cry.
seems you lack understanding.
Re: Enugu Traders Count Losses As Beans Prices Crash by Sharpsharp00123: 12:19pm On May 03, 2025
Bobloco:
Crash ke?

Has it dropped to the price Tinubu met it in 2023? Because that’s the only real crash. Anything else is just noise and propaganda.
typical Igbo

Even if tinubu drop it below the price he met it in 2023 they will still tell him to take it to 1960
Re: Enugu Traders Count Losses As Beans Prices Crash by PresidObi: 12:19pm On May 03, 2025
zero8zero:
And when prices of cereals crash, you will cry.
When prices of cereals crash, I buy more!!!

Oh! Some many business illiterates posting trash for the public to read.
Re: Enugu Traders Count Losses As Beans Prices Crash by Appletek: 12:21pm On May 03, 2025
easytig:
Ever since I was moved to band A around March ,I have reduced my cooking of beans to once a week or none sef,beans Sabi chop electricity sha,it takes over one hour to get done.


Enough is enough,Eba and stew is what is surviving me daily now

They hoard beans to jack up the price,the fools don't know beans get easily attacked and destroyed by weevil after months and loose value
Buy pressure pot
Re: Enugu Traders Count Losses As Beans Prices Crash by Dat2jo: 12:23pm On May 03, 2025
May all hoarders incure more losses as the years go by.... ameen.
Re: Enugu Traders Count Losses As Beans Prices Crash by hartson: 12:29pm On May 03, 2025
Appletek:
Buy pressure pot
Dont mind him.Pressure pot go cook nonsense comot for the beans bodi in less than 5mins grin
Re: Enugu Traders Count Losses As Beans Prices Crash by EmmyOD(m): 12:29pm On May 03, 2025
Propaganda
Re: Enugu Traders Count Losses As Beans Prices Crash by Melonsmasher: 12:35pm On May 03, 2025
But the price of a cup since tinubu still remain the same
Re: Enugu Traders Count Losses As Beans Prices Crash by Govocrete: 12:38pm On May 03, 2025
Dud you keep or hoarded the beans for excess profit, now you are disappointed.
Re: Enugu Traders Count Losses As Beans Prices Crash by Oceanjagaban: 12:39pm On May 03, 2025
You will continue to lose drastically in your business
Re: Enugu Traders Count Losses As Beans Prices Crash by ImpartialGuy: 12:40pm On May 03, 2025
zero8zero:
Greedy Nigerians but the President is always the scape goat, blame FG even for the greed of the traders. You hoard foods just for the purpose of hiking the price in the future, yet Nigerians insults the Government over artificial high food prices. It is only in Nigeria that prices come down and they will refuse to lower price, when fuel comes down, transporters refuse to lower price. Even in the North, some traders are angry food prices are crashing. Enemies of the state.
For the first time, you are making a sensible comment in defence of the druggie. You will get a raise if you continue like this. Keep it up! 💪💪
Re: Enugu Traders Count Losses As Beans Prices Crash by Nobody: 12:40pm On May 03, 2025
Good one..

Why hoard food just to create an artificial scarcity so as to make profit..
Tomorrow, you blame Tinubu
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