COMMODITY MARKET REPORT (2nd-10th May, 2019)

BEANS

The above result describes changes in the price of Beans, a staple food in Nigeria. Result indicates highest variance in the wholesale and retail price of Beans in Bodija Market, Oyo State as compared to key markets in other states. For better wholesale pricing, minimum price for white Beans can be gotten in Dawanau Market, Kano State.

MAIZE


Result shows variance in price of maize in key places in Nigeria. Result indicates a consistent cheap Maize price in Taraba state (Garuba Shade Market) for the past two weeks. This is due to comparative advantage enjoyed such as cheap labour, conducive weather condition, suitable soil type etc. Other markets having relatively cheap prices include Dawanau Main Market,  Kano State and Bodija Market, Oyo State.

 

PADDY RICE

The above result indicates the average price of paddy Rice in Nigeria. This week, there was an increase in the wholesale price of Paddy rice as a result of the decrease in its availability. Prices are projected to increase during harvest season which will start soon. Lowest prices of Paddy Rice can be gotten from Sabo Market, Kaduna State.

 

SOYBEAN

The above result indicates the average price of Soybean in Nigeria. This week, there was an increase in the wholesale price of Soybean as a result of the decrease in its availability. Lowest prices of Soybean can be gotten from Biu market, Borno State.

 

SORGHUM

Result shows the prices of Sorghum commodity in Nigeria. Result indicates a relatively constant average price both wholesale and retail prices. Minimum prices were recorded in Kumo Market, Gombe State.

 

GINGER

Result shows the prices of Ginger in Nigeria. Ginger has proven to be more stable commodity on the exchange as prices have remained the same for a number of weeks. Minimum prices were recorded in Maraba Market, Kaduna State.

 

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