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Price of food items rises in Akure

06 March 2013, 16:04

Akure - Price of food items has gone up in the last few days in Akure, Ondo State, due to higher transportation cost, the News Agency of Nigeria (NAN) reports.

The price increase affected staples like rice, wheat, beans, sugar, garri, tomato and pepper.

A survey conducted by NAN in major markets in Akure on Wednesday indicated that the price hike had caused drop in demand for these items.

Mrs Aderele Mohammed, one of the traders, attributed the price hike to higher cost of transporting the goods to Akure.

``The transporters’ excuse is that they spend a lot of money on fuel and they must increase their fares to remain in business,’’ Mohammed said.

A bag of rice, which was formerly sold for between N7 500 and N9 000, is  now between N9 500 and N11 000, depending on the brand.

A `congo’ measure which was formerly N250 is now N350.

A 20 litre of palm oil now sells for between N7 000 and N7 200 against the previous price of N3, 000, while a tuber of yam that sold for N200 now attracts between N300 and N450.

A `congo’ measure of `Oloyin’ brand of beans that sold for N200 now attracts N350, while the white specie that sold for N150 now attracts N250.

The same measure of wheat which sold for N170 is now N220, while a bag of sugar that cost N8, 000 now sells for N12 200.

Mrs Alice Balogun, a trader, told NAN that the price of palm oil would likely drop in April going by market trends in the past.

She said that price of provision had remained unchanged.

At Shasha Market, a basket of tomatoes that was formerly N2 000 is now being sold for between N5 000 and N7 500.

The price of onion in the market, however, remains the same.

Mr Philip Imode, a student of the Federal College of Agriculture, Akure, said things were no longer easy for residents, particularly students.

Miss Abike Waheed, also a student, appealed to government to look into ways price of food items could be reduced. 


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