All things being equal, most commodities are expected to continue their upward trends. Prices of commodities on the market keep increasing because harvest time for most foodstuffs is yet to come.
According to Esoko’s data, at the end of trading in the month of May, most commodities saw an increase in prices. There was a sharp increase in the price of a crate of Tomatoes.
Tomatoes gained 22.26% to close the month at GHS 572.69 from GHS 468.42 the previous month. Groundnut also gained 6.40% to close at GHS 546.16 with Maize gaining 5.46% to close at GHS 162.00 per bag. Cassava (fresh tubers) moved up by 4.95% to close at GHS 75.75 per bag with Yam (Pona) also gaining 4.27% to close at GHS 724.61.
Wheat gained 3.89% to close at GHS 307.04 per bag with Millet gaining 2.62% to close at GHS 232.72. Gari made a gain of 2.38% to close at GHS192.46 per bag with Soya gaining 2.34% to close at GHS 241.88 per bag. Imported rice made a marginal gain of 0.10% to close at GHS 349.57 per bag.
CROP ANALYSIS
Maize
The average price for a bag of maize gained 5.46% to close the month at GHS 162.00. The highest price of GHS 205 was recorded at Takoradi with the lowest price of GHS 115 recorded at Bawku.
Rice Local
The average price for a bag of local rice lost 0.52% to close the month at GHS 325.69. The highest price GHS 400 was recorded at Dambai, with the lowest price of GHS 260 recorded at Tamale.
Tomato
A crate of tomato gained 22.26% to close the month at GHS 572.69. The highest price GHS 720 was recorded at Dambai and the lowest price of GHS 420 recorded at Kumasi.
Currently, most tomatoes on the market are brought in from neighbouring countries, which has contributed to the sharp increase in prices.
Data Source: Esoko
