Consumers Hope For Change In Food Prices | Independent Newspapers Limited
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Food & Beverages, LIFE

Consumers Hope For Change In Food Prices

Posted: Oct 4, 2015 at 12:00 am   /   by   /   comments (0)

Oluwabunmi Nathaniel Lagos

Barely a week after the Eid-eil- Kabir celebrations, consumers are still hoping prices of food items and other household provisions would come down.

A supermarket

A supermarket

Findings by our Correspondent at a few of the major food and provision markets in the city show prices are still high and consumers really wish these would abate so that they can re-stock for the home.

One of the buyers at the Ketu Provisions section told Food and Beverages: “I came around to make purchases for the home after the Sallah celebrations and hoping the prices would have come down a bit, but it’s still the same as when we came to buy for Sallah”.

A Seller at MR Delight Stores explained that the prices of provisions such as Beverages are not likely to come down soon since most of the stores still have the old stock and should not be expected to sell at a loss.

It was observed that contrary to the high human traffic that was recorded during the week of Sallah celebrations in most of the markets, most of the sellers are now complaining of low patronage.

Mile 12 foodstuff market

Mile 12 foodstuff market

At the popular Oja Oba, ketu known for its beehive of activities, it was unusually quiet as most of the shops which were known to be rowdy had few customers making purchases.

A provisions seller at the Thomas Market, Ikorodu, complained that sales had been all time low since the celebrations were over as most of the consumers were merely “window shopping”.

A buyer who was seen making purchases for her children who were returning to School told our Correspondent, “I have no choice but to buy what I could for my children who are returning to the boarding School; provisions for them is a must that cannot be avoided”, she lamented.

One noticeable pattern among consumers in the food markets was that many of them were buying refill packs to leverage on the high cost of beverages while some were equally buying in wholesales and bulk to share among themselves to reduce cost of buying in retails.

“I have made more sales from bulk purchases of food items and provisions than from those who buy in retails and of course it is good for me”, says Emeka Obikwe a foodstuff seller at  the Thomas market