How you might spend on food this October

104

To receive prices update and agric tips on your phone dial 1900 or Visit www.esoko.com 

Credit: www.esoko.com

The food prices as at end of September gives an idea of how much you might be spending on food in the month of October 2017

Comparative Analysis of prices between September and August

NB: * Accra market is Agbogbloshie * Kumasi is the Central market.

Price Trends                                                                                      

Some major commodities dropped in prices in the month of September. Tomatoes lost 41.41 percent to close at GHS 282.50 per crate, making it the highest loss in the month.  Yam (Pona) followed with a loss of 30.20 percent to close at GHS 468.00 per 100 tubers.  Maize lost 9.30 ercent to close at GHS 126.86 per bag with cassava also losing 5.81 percent to close at GHS 75.67 per bag. Groundnut also lost 5.47 percent to close at GHS 362.57 with gari and local rice losing less that 2 percentage points to close the month at GHS 222.29 and GHS 284.57 respectively.  Millet and soya both made gains above 5 percent. Milllet gained 5.63 percent to close at GHS 217.14 percent with soya beans also gaining 5.27 percent to close at GHS 208.14. Cowpea also made a gain of 3.75 percent to close at GHS 367.71 with wheat closing at GHS 221.50 representing a gain of 1.92 percent. Imported rice gained less than a percentage point to close at GHS 295.80.                       Some commodity prices are low because famers have started harvesting and sending to the markets.

Maize        

A bag of maize lost 9.30 percent to close at GHS 126.86. The highest price of GHS 170 was recorded at  Takoradi and  with the lowest price of GHS 79.00 recorded at Techiman.

Local Rice    

The average price for a bag of local rice lost 1.73 percent to close at GHS 284.57. The highest price of GHS 450 per bag was recorded at Accra with the lowest price of GHS 217.00 recorded at Kumasi.

Tomato  

The average price of tomatoes lost 41.41 percent to close the month at GHS 282.50. The highest price of GHS 358.00 was recorded at Takoradi with Dambai recording the lowest price of GHS 180. There is no data for Bawku for wholesale price because currently tomatoes are traded at the retail level on that market.

GTB Comments