Nigerians have heaved a sigh of relief as prices of food commodities have significantly dropped.
According to a survey, some traders attributed the price drop to harvest season.
Across the market, traders attributed the price relief to the arrival of fresh harvests.
“We expect more reductions in the coming weeks, especially for tomatoes, peppers, and some grains,” they added.
At the yam section of the market, reports gathered that new yam is priced between N4,000 and N5,500 per tuber, while dry yam sells between N6,500 and N8,500 each.
A basin of milled rice that previously sold between N35,000 and N42,000 now goes for N28,000 to N32,000, depending on the quality.
Also, a bag of local rice, which cost N78,000 last month, is now sold for N65,000 to N70,000.
The price drop is also felt in the sale of garri, which had its basin sold at N35,000, but now goes for N11,000, while a bag has dropped from N75,000 to between N55,000 and N60,000.
The price of beans has also eased, with a bag that recently sold for N80,000 to N90,000 now available for N70,000 to N72,000, depending on the type.
Dailypost/Fathia Oladoyin
