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Prices of food items soar in Lokoja

26 September 2012, 16:06

Lokoja - The flood in Lokoja has slowed down entry of goods into southern part of the country and led to hike in their prices.

A correspondent of the News Agency of Nigeria (NAN), who visited Lokongoma market in Lokoja on Wednesday, reported that prices of some commodities, especially food items, have increased.

NAN reports that the price of rice has increased from N9, 000 to N9, 500 per bag, beans from N300 to N600 per bushel and semolina from N1600 to N1900 per bag.

Also, price of a tin of vegetable oil has risen from N3, 900 to N4, 900, while a carton of Indomie noodles has jumped from N1,800 to N2,100.

Hadijat Lawal, a trader in the market, said that supply of food items to the market had been affected by the floods.

She said she did not know how she could get food stuffs after the sale of her current stock as there were no means of transportation.

Lawal said that the price of a bag of sachet water that was N120 had gone up to N150, while a sachet was now N20 instead of N5.

NAN reports that the price of turkey, chicken, fish, meat, vegetables and tomatoes remained stable.

Traders said they were still selling their old stock of these items, but expressed fears that price might change by the time they would they would re-stock.


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