All things being equal, most commodities are expected to continue their upward trends, but the percentage increases are not expected to be as wide as in June.
According to Esoko, commodity prices in the month of June continued an upward trend, generally reflecting off-season price trends. Tomato made the most gain of 24.56% to close the month at GHS 713.33 per crate with Pona also gaining 9.71% to close at GHS 795.00.
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The price of Gari soared up by 8.15% to close at GHS 208.14 with Cowpea White gaining 4.2% to close at GHS 368.71 per bag. Groundnut (shelled) saw a 3.19% increase in price to close at GHS 563.57 per bag with Cassava fresh also gaining 2.97% to close at GHS 78.00. Rice local increased by 2.42% to close at GHS 333.57 per bag with Maize also gaining 2.03$ to close at GHS 165.29. Imported rice (Uncle Sam) made a marginal gain of 0.12% to close at GHS 350.00 per bag.
Meanwhile, Millet, Soya and Wheat saw reduction in prices for the month of June. Millet decreased by 1.48% to close at GHS 229.29 per bag with Soya also decreasing by 1.07% to close at GHS 239.29 per bag. Wheat lost 0.34% to close at GHS 306.00 per bag.
CROP ANALYSIS
Maize
The average price for a bag of maize gained 2.03% to close the month at GHS 165.29. The highest price of GHS 220 was recorded at Takoradi with the lowest price of GHS 115 at Bawku.
Rice Local
The average price for a bag of local rice gained 2.42% to close the month at GHS 333.57. The highest price of GHS 440 was recorded at Dambai with the lowest price of GHS 260 recorded at Tamale.
Tomato
A crate of tomato gained 24.56% to close the month at GHS 713.33. The highest price GHS 1000 was recorded at Dambai and the lowest price, GHS 430, recorded at Kumasi.
Data Source: Esoko
