Respite, As Prices Of Tomatoes, Peppers Drop | Independent Newspapers Limited
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Respite, As Prices Of Tomatoes, Peppers Drop

Posted: Jul 3, 2015 at 12:00 am   /   by   /   comments (0)

Stories by Oyeniran Apata, 


The price increases experienced by Nigerians as a result of the petroleum crisis and Ramadan have continued to abate, according to a market survey.

Prices of fruits and vegetables that hit an all time high beginning May all through the greater part of June experienced a respite.

A Daily Independent market survey of Mile 12 and Oba TT Dada International markets indicated a sharp drop in the prices of tomatoes, tatase, onions, among others.

Although, the seasonal pattern of price changes was not consistent, traders at the Mile 12 market stated that reduction in the prices might not be unconnected with importation of the products from the Republic of Benin and Ghana.

At the Mile 12c market, Kerewa tomato that was sold for N2,500 last week went for N1,600 while the same item from the Northern farmers in big bag that went for N25,000 only last week crashed to between N20, 000 and N22, 000 depending on the volume of purchase and bargaining power of the buyer.

A bag of Chilli pepper (Rodo) that was also sold for N15, 000 in the same market dropped to N10, 000 within the week in Mile 12 while at the Oba TT Dada market, Ota it was sold for N11, 500.

Also a bag of tatase that was sold for N40, 000 seven days ago went for N25,000, while Bawa (Shombo) whose price last week ranges between N25, 000 to N30,000 dropped considerable to between N9,000 and N12, 000.

A leader in the market, Mrs. Sherifat Balogun attributed the sharp drop to the improved fuel supply situation and the minimal supplemented supply from Nigeria’s neighouring countries.

Expressing fear that prices might shut up again before the end of the Ramadan fast, contending that a return of long queues at the filling station could affect the relative drop in prices and supply.

She called on Governor Akinwunmi Ambode to curtail the activities of the market’s Pepper Sellers’ Union whose activities she alleged were not in the interest of buyers and traders at the market.