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The Hidden Danger Of Falling Food Prices In Nigeria - Food (2) - Nairaland

Nairaland ForumNairaland GeneralFoodThe Hidden Danger Of Falling Food Prices In Nigeria (24996 Views)

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Re: The Hidden Danger Of Falling Food Prices In Nigeria by Faraday1997: 6:23pm On Jan 23
I personally lose so much last year, I farmed large amount of onions spent 400 thousand naira but I could only sum up 130 thousand, still trying to pay debt. Anyway such is life.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Sermwell(m): 6:23pm On Jan 23
delzbaba:
You failed to mention that the recent removal of middlemen by the Governor of Lagos through direct transportation from source is the main catalyst for this sharp reduction, as a matter of fact the farmers are happy and relieved and they are also making profit, have you asked yourself why food items are always cheap when you travel to the village?
So you mean this fall in food prices is only in Lagos?? Una go just open mouth waah!!
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Faraday1997: 6:23pm On Jan 23
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Faraday1997: 6:23pm
I personally lose so much last year, I farmed large amount of onions spent 400 thousand naira but I could only sum up 130 thousand, still trying to pay debt. Anyway such is life.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by MorataFC: 6:23pm On Jan 23
TechToyin:
Many people are happy that food prices are coming down. On the surface, it looks like good news. But there is a serious danger most people are not talking about.

Cheaper food is good for consumers, but not always good for farmers
While buyers enjoy relief, many farmers are selling at a loss.

Cost of farming is still very high
Fertilizer, diesel, transport, labour, and insecurity are still expensive. Prices fell, costs did not.

Farmers are losing capital
Most Nigerian farmers use money from the last harvest to fund the next season. Losses now mean no money later.

Many farmers may not plant next season
When farmers cannot afford seeds, fertilizer, or labour, they reduce production or quit entirely.

This leads to future food shortages
Less planting today means less food tomorrow, which will push prices up again.

Nigeria has no strong price support system
There are no effective minimum price guarantees or working buffer stock programs to protect farmers.

Poor storage forces distress sales
Because farmers can’t store food, they rush to sell during harvest when prices are lowest.

Middlemen and traders also suffer losses
Oversupply and weak demand affect the entire value chain, not just farmers.

Price instability scares investors away
Serious investors avoid agriculture when prices swing wildly from profit to loss.

Low prices today can mean hunger tomorrow
If farmers collapse, Nigeria will depend more on imports and face worse food inflation later.

Bottom line:
The problem is not high prices or low prices. The real problem is unstable prices.
If Nigeria does not protect farmers now, today’s cheap food will become tomorrow’s food crisis.
You know nothing about farming .
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Faraday1997: 6:24pm On Jan 23
I personally lose so much last year, I farmed large amount of onions spent 400 thousand naira but I could only sum up 130 thousand, still trying to pay debt. Anyway such is life.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Jaylord12(m): 6:24pm On Jan 23
benardtotti:
It's like you don't know how wicked Nigerians are.
He might have missed the point but the thing is that government should look into price control by providing some basic farming items...if you are into importation of agricultural products to other africa countries u maybe get what am trying to say...
Re: The Hidden Danger Of Falling Food Prices In Nigeria by joseph1832(m): 6:24pm On Jan 23
TechToyin:
Many people are happy that food prices are coming down. On the surface, it looks like good news. But there is a serious danger most people are not talking about.

Cheaper food is good for consumers, but not always good for farmers
While buyers enjoy relief, many farmers are selling at a loss.

Cost of farming is still very high
Fertilizer, diesel, transport, labour, and insecurity are still expensive. Prices fell, costs did not.

Farmers are losing capital
Most Nigerian farmers use money from the last harvest to fund the next season. Losses now mean no money later.

Many farmers may not plant next season
When farmers cannot afford seeds, fertilizer, or labour, they reduce production or quit entirely.

This leads to future food shortages
Less planting today means less food tomorrow, which will push prices up again.

Nigeria has no strong price support system
There are no effective minimum price guarantees or working buffer stock programs to protect farmers.

Poor storage forces distress sales
Because farmers can’t store food, they rush to sell during harvest when prices are lowest.

Middlemen and traders also suffer losses
Oversupply and weak demand affect the entire value chain, not just farmers.

Price instability scares investors away
Serious investors avoid agriculture when prices swing wildly from profit to loss.

Low prices today can mean hunger tomorrow
If farmers collapse, Nigeria will depend more on imports and face worse food inflation later.

Bottom line:
The problem is not high prices or low prices. The real problem is unstable prices.
If Nigeria does not protect farmers now, today’s cheap food will become tomorrow’s food crisis.
So What solutuon would you profer ?

When the prices of food was soaring, people like you were lamenting, now it's declining, you're complaining and predicting doom, for the country. I fear una, I no run.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by ajalawole(m): 6:24pm On Jan 23
inoki247:
You people are ment when the Food price go up tears everywhere food still dey partially down una still dey cry....


I be farmer I don take my L in peace...

So far what I'm earning from my produce can get me other produce I'm buying I'm good....


I don't even plant Cassava but due to how Garri was going up I risked and try Cassava 2024 cashout I saw the sign and didn't even try it in 2025..

Make everybody take there L in peace we sold sweet potato a bag 30k 2024 na 5k per bag from September last year to December....
potato was around 50k per beg in Ilorin here around 2024... June last year, farmer were begging to come and pick bag 10k... A vendor pack like 5beg then, within 2weeks those potato started to spoil.. Don't know they are not selling 5k per beg. But farmers are taking risk sha.. A farmer posted on Facebook last year December that his 19 trailer of cassava were returned because no buyer.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Safola45: 6:27pm On Jan 23
Haha Nigeria my country when News of food prices is drop you people cursed the person that food is not drop. Now this again haha who do you like this
Re: The Hidden Danger Of Falling Food Prices In Nigeria by MichaelSokoto(m): 6:27pm On Jan 23
Wetin dey worry all dis ppl?

Which food cheap?
angry
Re: The Hidden Danger Of Falling Food Prices In Nigeria by ppogba: 6:27pm On Jan 23
Flangelo12:
People dey vex say food price dey reduce again?
The easiest thing to become in Nigeria now is an analyst in whatever form.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by inoki247: 6:28pm On Jan 23
ajalawole:
potato was around 50k per beg in Ilorin here around 2024... June last year, farmer were begging to come and pick bag 10k... A vendor pack like 5beg then, within 2weeks those potato started to spoil.. Don't know they are not selling 5k per beg. But farmers are taking risk sha.. A farmer posted on Facebook last year December that his 19 trailer of cassava were returned because no buyer.
I sold that year at 30k 2024 I was seeing offer of 5k from September time 2025...


And potatoe doesn't have a life span so you've to quickly sell out or you turn it Potato Flour...


The way people were planting cassava in my farm Area gave me an hint immediately that I should stay away people were planting it like is gold mine. I saw the warning and just ran for my life...
Re: The Hidden Danger Of Falling Food Prices In Nigeria by phorget(m): 6:28pm On Jan 23
Cost of other items aside food prices should also come down, you don't expect farmers to sell their produce at low prices while they buy other needed items on high cost.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by SouthSouth1914: 6:29pm On Jan 23
Which food processor are falling? Let them state the listed items and their prices before APC came aboard. APC and propaganda are two sides of the same coin!

Of food prices are falling, how come USD is still tight at N1.5k Naira? One chance government will not send us into oblivion with stories!
Re: The Hidden Danger Of Falling Food Prices In Nigeria by anonimi: 6:29pm On Jan 23
DMCY:
Farmers better comport like them fuel marketers or they eat their produce themselves,

what more do they want from FG after getting almost everything at subsidized prices.
Why have you failed to list your everything that farmers got at subsidised prices?

Meanwhile do you know that Tinubu is subsidising food imports through waivers huh

anonimi:
How import waivers are crippling local rice mills

Rice millers have raised concerns over the federal government’s import duty waiver on rice, maize and sorghum, saying it is hurting their businesses.

This is just as the Nigeria Customs Service (NCS) said the waiver has caused food prices to drop.

https://dailytrust.com/how-import-waivers-are-crippling-local-rice-mills/
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Vision101(m): 6:30pm On Jan 23
lawani:
In other countries, the government do buy produce off farmers to keep the prices high enough. The produce is then destroyed. They can do that because government have a lot of money from taxes. In Nigeria, farmers are left to their fate and it is often scarcity followed by plenty. Low prices followed by high prices season after season. That has been the culture or practice in the country for years. It is also the natural way things are done since time immemorial
Nigerians asked for low prices, called government names and derided the president for high prices. What else do you want the government to do.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Judd007: 6:31pm On Jan 23
I just want turkey to come down, 10k for 1kg?
Re: The Hidden Danger Of Falling Food Prices In Nigeria by gadgethead: 6:32pm On Jan 23
Faraday1997:
I personally lose so much last year, I farmed large amount of onions spent 400 thousand naira but I could only sum up 130 thousand, still trying to pay debt. Anyway such is life.
What really cost so much loss[b][/b]
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Gotocourt: 6:33pm On Jan 23
zoghys:
You made some point but I don't agree with you completely. The market is regulating itself, hence the policies by this government. I expect a forward decrease in prices of market produce especially with the importation of certain stable food to regulate the market. Some farmers are greedy, and they will pay the price.
Some idiots don't know grains have international price. We need mechanized farming 🤷🏿. The use of hard labour for farming is far less productive 📌.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by ThorOdinson: 6:33pm On Jan 23
For ones I am seeing everyone here agreeing on some points
No insults to any political party
No NW or SS issue
Just pure love is what I see in this thread

I just love when a good plan comes together

Abeg make the price balance fess
Because them Retailers don dey talk say as fasting dey come like this food price fit go up again.

Anyways one love
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Runx: 6:34pm On Jan 23
Which hidden danger? Who does not feel relief in current lower food prices. When farmers and sellers were hoarding foodstuffs to drive up prices, did we all not suffer. Let those who can afford expensive food price rises go to such marketplaces and leave the rest of average buyers alone. They too must eat and live.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by MichaelSokoto(m): 6:34pm On Jan 23
MrNipplesLover:
I'm still looking around where food prices are coming down....

Abeg, how much is a bag of beans now?
Bag of rice...
Tuber of yam...
Bag of garri....
A gallon of groundnut & palm oils...

I know how much these things were before the 0loriburuku Teenubu took over from the mumu Bukhari....
only APC #30k online goons are here shouting food is cheap!

Help me ask dem which food cheap!
Re: The Hidden Danger Of Falling Food Prices In Nigeria by anonimi: 6:34pm On Jan 23
joseph1832:
So What solutuon would you profer ?

When the prices of food was soaring, people like you were lamenting, now it's declining, you're complaining and predicting doom, for the country. I fear una, I no run.
The solution framework is there in his OP, extracted below.

What made you not read to the end of the post huh

TechToyin:
Bottom line:
The problem is not high prices or low prices. The real problem is unstable prices.
If Nigeria does not protect farmers now, today’s cheap food will become tomorrow’s food crisis.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Emeskhalifa(m): 6:35pm On Jan 23
DMCY:
Farmers better comport like them fuel marketers or they eat their produce themselves, what more do they want from FG after getting almost everything at subsidized prices.
So you mean if I go to any petrol station and tell them that I need diesel to power my farming equipments, they will give me at subsidised rate? Wow una for dey talk this thing on time coz I almost attempt to quit farming this year oo, coz I can't be farming at a loss na
Re: The Hidden Danger Of Falling Food Prices In Nigeria by tgmservice: 6:36pm On Jan 23
It increases Danger!
Price fall also Danger!

Nawa which one we dey na
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Jagabanfromcali: 6:36pm On Jan 23
Where this food prices Dey come down ? In real life or dream or some phantom market or APC don come again ?
Re: The Hidden Danger Of Falling Food Prices In Nigeria by joseph1832(m): 6:37pm On Jan 23
anonimi:
The solution framework is there in his OP, extracted below.

What made you not read to the end of the post huh
You still haven't changed. Tssk.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by anonimi: 6:37pm On Jan 23
Vision101:
Nigerians asked for low prices, called government names and derided the president for high prices.

What else do you want the government to do.
Ensure that prices don’t go up again when the impact of unsustainable import waivers expire, and farmers have moved on to more profitable activities, including politics.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Jagabanfromcali: 6:38pm On Jan 23
MichaelSokoto:
only APC #30k online goons are here shouting food is cheap!

Help me ask dem which food cheap!
They are playing mind games with people, no food prices are coming down , they are using human psychology on Nigeria masses , keep saying something and after a while we will assume ut is true
Re: The Hidden Danger Of Falling Food Prices In Nigeria by Idaytesj29(m): 6:38pm On Jan 23
lawani:
In other countries, the government do buy produce off farmers to keep the prices high enough. The produce is then destroyed. They can do that because government have a lot of money from taxes. In Nigeria, farmers are left to their fate and it is often scarcity followed by plenty. Low prices followed by high prices season after season. That has been the culture or practice in the country for years. It is also the natural way things are done since time immemorial
So, no panic
Re: The Hidden Danger Of Falling Food Prices In Nigeria by frugal(m): 6:39pm On Jan 23
Flangelo12:
People dey vex say food price dey reduce again?
Yes, farmers! You would too if you were a farmer.
Drastic price fall is good for consumers, bad for farmers.

It's common sense.
Re: The Hidden Danger Of Falling Food Prices In Nigeria by MichaelSokoto(m): 6:41pm On Jan 23
dis APC party deeeemons are wicked!

Egg we use to buy #30 b4 d present calamity came onboard, is sold above #200 a piece and u are here shouting food price has fallen?
angry
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