Food prices are expected to remain fairly stable in January 2020 following an overall net drop of food prices in December 2019.
Prices dropped by an overall average of a percentage point (1%) in the month.
Food Items that increased in Prices
Maize, local rice, beans and tomato dropped prices in the month of December.
There was a sharp drop of 19.91 percent in the price of tomato to close at GHS 400.33 per crate with wheat also dropping 3.76 percent to close at GHS 286.80 per bag. Local rice dropped 2.44 percent to close at GHS 320.14 with maize also dropping 1.66 percent to close at GHS 126.57 per bag. Millet lost 1.53 percent to close at GHS 221.00 per bag. Cowpea lost less than a percentage point (0.77%) to close at GHS 352.57 with groundnut losing 0.58 percent to close at 491.71. A crate of tomato dropped 19.91 percent to close the month at GHS 400.33. The highest price GHS 569 was recorded at Takoradi and the lowest price GHS 245.00 was recorded at Techiman. The drop in prices of these food items would contribute to fairly stable food prices in January 2020
Yam (represented by the Pona variety) experienced a hike of 11.15 percent to close at GHS 618.00 per 100 tubers. Cassava gained 4.02 percent to close at 73.33 per bag with imported Rice also making a gain of 2.56 percent to close at GHS 368.80. Gari made a gain of 0.92 percent to close at GHS 173.29. Gari’s price increase stems from the price increase of its raw material cassava.
Food Items that increased in Prices
Yam, cassava, gari and imported rice experienced significant price increases in December 2019.
CROP ANALYSIS
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