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The price of tomatoes soared up in the month of September. It gained 30.57 percent becoming the commodity that gained the most in the month. It closed at GHS 401.50 per crate with soya also making a gain of 5.12 percent to close at GHS 281.43 per bag. Local rice gained 5.37 percent to close a GHS 383.71.
Cowpea (white) and imported rice both made gains less than 2.3 percent to close at GHS 430.57 and GHS 348.00 per bag respectively. The gains made by groundnut was less than 0.5 percentage points.
Maize recorded a significant drop in price. It lost 15.24 percentage points to close at GHS 147.00 per bag with pona also dropping 10.94 percent to close at GHS 397.67. Millet dropped 9.35 percent to close at GHS 250.57 with wheat losing 5.94 percent to close at GHS 229.67. Gari lost 2.13 percent to close at GHS 184.00 per bag with cassava also closing at GHS 67.67 per bag representing a drop of 1.46 percent. Out Look for October, all things being equal, as we have entered the period where most farmers are harvesting their crops, it is anticipated that prices of major crops like maize and yam will continue to drop in prices. Prices of some legumes may go up due to the activities of the rains up in the northern sector of the country. Prices of tomatoes continue to be unstable with weekly fluctuations. It is expected that for most parts of the month of October, prices will be high. Farmers have not had a good harvest. The current increases in fuel has not had any effects on prices yet, we will keep monitoring the situation in the coming month to see if it will have any effects on prices of commodities.
Maize The average price for a bag of maize lost 15.24 percent to close the month at GHS 147.00. The highest price GHS 180.00 was recorded at Accra with the lowest price of GHS100.00 recorded at Techiman. Rice Local
The average price for a bag of local rice gained 5.37 percent to close the month at GHS 383.71, with the highest price GHS 400.00 recorded at Accra. The lowest price of GHS 345.00 was recorded at Tamale. Tomato The average price for a crate of tomato gained 30.57 percent to close the month at GHS 401.50, with the highest price GHS 615 recorded at Accra. The lowest price of GHS 294.00 was recorded at Tamale.
All things being equal, it is expected that the prices will continue rise in the coming weeks.
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