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Price of yam, beans stable



Price of yam, beans stable


Some house wives in Lagos lamented on Thursday that the price of one kilogramme yam which increased by over 30 per cent last week, has remained stable at that high price this week.
They however expressed happiness that the price of beans which decreased in April, has remained stable at N150 a derica cup this week.

According to them, fresh tomatoes has become very scarce in the markets in Lagos State, leaving them with the poor quality local specie or Tin Tomatoes as supplement for the rich and qualitative specie that comes from the northern part of the country.
They also stated that they have been recording stability in the prices of other foodstuffs.

The consumer who spoke at Ikotun-Egbe, Ojo-Alaba, Suru-Alaba, Orile, Iyana Ipaja, Oyingbo and Ketu markets said though they have been recording low sales since even with fall in the price of beans.

At Ikotun Market, Mrs. Chiamaka Udoka, a housewife who was at the market to buy foodstuffs for her family, said: “The price of yam is going up with speed, but it is normal because we are already in the rainy season and the new yam will soon be out. However, one good thing that has happened is that price of beans is stable, having fallen down to N150 per derica cup.

“The good news is that the prices of most other foodstuffs in the market, both the imported and the ones produced locally; have remained stable for over two months now.

“Despite that, I can tell you that things are getting difficult meeting the family need as our disposable income has become very small. Infact, our husband’s take home pay can no longer take us home,” she lamented.

Similarly, a trader, Iya Modinatu, spoken to at Iyana Ipaja market said customers were not coming forward to buy as expected.

She believed that people no longer have enough money to spend. She said she is praying that the economy will get better again so that Nigerians will start to live a normal life.”I believe things will start getting better,” she adds.

At Ketu market, traders said though the price of yam is rising, it is not affecting the prices of other foodstuffs and other household items in the market. They are however yet to witness the kind of patronage they witness during the build-up to the February general elections.

Mr. John Isiguzo, a dealer in rice and beans and other foodstuffs in the market, said: “Sales is not good, there is low patronage. People are not buying. It seems Nigerians have not recovered from the 2016 economic recession. We hope the situation will change for the better soon as the elections are over now.”

Survey of the prices of goods at the Sabo market, Ikorodu (a Lagos suburb) earlier on Thursday, indicate that the price of rice and beans has remained unchanged; this is even as customers spoken to said they expect the prices down to the 2017 levels as the elections are over now.

According to Iya Muri, a trader at the Ikorodu market, the demand for rice and beans is high but the price though stable, is not yet attractive, “we are however expecting that the price of beans in particular, should be falling after the elections as the price of beans is normally low by this time of the year.

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1 Comment

1 Comment


    June 17, 2019 at 3:49 am

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