Consumable Rises By 65% In Q1 2016

Maize Farmer

A survey conducted  in Lagos has revealed that the prices of local and foreign consumable goods have risen during the first quarter of the year 2016 by 65 per cent.


Traders who spoke with Leadership explained that te increase in some of the prices is as a result of change in season. According to them, some of the agricultural consumables have become expensive because they are out of season.

Price of consumable goods such as yam, melon, rice, pepper, turkey, semo, fish, beans, groundnut oil, palm oil, yam flour, garri, onions, e.t.c. has wax its price between January and first week of April 2016.

Leadership reveals that the price of rice which it use to sell for 11,800 now being sold at the rate of 12,500 and 14 ,000, and Beans which was sold for 21,000 is now sold at the rate of 25,000, a 20 per cent increase.

Also, the price of melon which was sold at the rate of 28,000 is now being sold for N32,000 and garri which was sold at the rate of 4,000 in January this year, this week sold for N10,000, an increase of 150 per cent.

Speaking with Leadership Mr Hammed a yam dealer said “this is planting season that is why yam is expensive in the market. Once it’s harvesting season you buy yam at cheaper rate.