₦airaland Forum

The prices of commodities like imported rice, maize , beans, palm oil, sorghum and others have continued to rise at the Mile 12 Market in Lagos. This is reflected in the commodity index update, prepared by Novus Agro Nigeria Ltd, an agro-based firm, and made available to newsmen on Friday in Lagos.

According to the index, a 50kg bag of imported rice currently selling at N16,857 was sold for N14,800 last week, thus recording a whopping N2,057 increase. Miss Avaado Gaadi, Enumeration specialist at the firm, told pressmen earlier that increase in the price of imported rice was as a result of restrictions on imported commodities.

Gaadi said that the restriction was to uphold the Federal Government’s drive to diversify the economy, through promoting consumption of locally-produced commodities.

Meanwhile, the paint bucket measurement of imported rice has also increased to N1,457 as against N1,333 sold last week. Also, a 100kg bag of beans, which has been on a continuous increase since June, now attracts N25,714, as against N24,000 it attracted last week; while the paint bucket measurement remained stable at N900.

However, the 100kg bags of maize, sorghum, onions and 25-litre container of palm oil were on the increase at the market. Maize attracted N12,829, as against N11,375 it was sold for last week, recording a difference of N1,454, while the paint bucket measurement increased slightly from N500 to N507.

Sorghum now selling for N11,571 was sold for N10,313 last week, thus attracting an increase of N1,258, while the paint bucket measurement increased from N500 to N507. Also, onions increased slightly to N16,143 from N16,125, recording N18 increment, while the 2kg measurement remained unchanged at N500.

A 25-litre keg of palm oil increased to N7,286 from N7,063 it sold for last week, while the bottle measurement also increased from N250 last week to N280 this week.

While soya beans remained unchanged at N17,000 per 100kg bag, the 60kg and 100kg bags of garri and groundnut dropped in price. Garri, which now goes for N12,614, was sold for N12,763 last week; while groundnut now sells for N25,000, as against the N25,500 it attracted last week. However, the paint bucket measurement of both commodities remained unchanged at N600 and N950 respectively.

http://www.vanguardngr.com/2016/08/prices-rice-beans-maize-soar-lagos-market/

Sai Baba do something.

Nigeria has never had a confused government as this!
All they are after is to dish out lies and deceit
It will never be well with them all

Leaque of zombies, oya come and blame GEJ as usual

madridguy:
Sai Baba do something.

baba cant do nothing

JuliettaBitch:
Nigeria has never had a confused government as this!

All they are after is to dish out lies and deceit

It will never be well with them all

Amen!

APC is evil... Evil is APC!

What about a carton of indomie? My darling indomie. Has the price gone up. Hahahahahaha

JuliettaBitch:
Nigeria has never had a confused government as this!

All they are after is to dish out lies and deceit

It will never be well with them all

Aunty you are on point,
Life has never been so hard in this country than now under Buhari.

The change is real

Lalasticlala Mynd44

what APCs don't understand is that while u plan cooking jollof rice for d family which might take time u can give them soft drink and biscuit to keep the ministry moving meanwhile when d food is ready the children will be happy with the chain reaction but alas APC ask children to fast because of jollof in pipeline which may lead to ulcer,fainting in d course of waiting.
common sense is never common

APC!!!!!! Propaganda... Mmmm.

We have really entered one chance. Abokis how market? You people would have used GEJ for suya if he was president

China revolution comes to mind. it's a matter of time.. it's either u thank this government or you get in to the lagoon. very simple

Buhariiiiiii so this is how you plan to starve your supporters and opponents?

End time prices of food in end town markets caused by end time economid policies


Nigeria. ,

It's high time fg did something to stop this inflation!
in as much as I support fight against corruption, less time should be allocated to it! fight against venality is not the only issue affecting our dear country. inflation-----economic recession; and security-------bokoharam, nda, herdmen are the momentous!

It is not easy!

Ademat7:
what APCs don't understand is that while u plan cooking jollof rice for d family which might take time u can give them soft drink and biscuit to keep the ministry moving meanwhile when d food is ready the children will be happy with the chain reaction but alas APC ask children to fast because of jollof in pipeline which may lead to ulcer,fainting in d course of waiting.
common sense is never common

jollof rice gets cooked in time. It's beans that they're cooking

If Buhari had not ruled people would be saying his the best civilian president we never had. Now everything jagajaga.

Change change everywhere.
Click like if the change has touched you and share if it hasn't touched you.

Zoogeria has never got it aright since independence

Evribody Don tire for all dese rubbish

Buhari running a team of economic illiterates since 29th May 2015

PMB was so eager to attain power. So this has been his agenda all this while, bringing untold hardship in the name of anticorruption, transparency and accountability..hmmmm

What is the cost of the locally produced alternatives? I heard locally produced rice is also very expensive.

Anmambra & Kebbi Rice nko?

Adaure4ever:
What about a carton of indomie? My darling indomie. Has the price gone up.
Hahahahahaha

indomie pikin