Temporal Relief

Harvest crashes prices of foodstuffs in Kano markets

Prices of food items have begun to come down in markets in Kano following the arrival of newly harvested farm produce. Some markets in the state revealed that the prices of some grains had drastically reduced.

A bag of maize is now selling for N10,000 as against N13, 000 it sold last month, while a measure now costs N357, down from between N470 and N500 previously.

The price of a measure of millet had

equally dropped from N360 to about N250.

image

Photo Credit:#PhotoNewqu

Also, a bag of rice, which sold for N19,000, is now selling for N17,500 while a measure now costs N700, Some consumers said that they were optimistic that the prices of food items would crash further before the year ends.

Malam Sani Usman, a consumer, said that the current economic hardship would end with massive food production. He said that when people did not produce but consumed more “ there’s bound to be food shortage and the economy will become weak.”
#PhotoNewqu

This is however not the end to the hunger that is posing a great challenge to Nigeria. There is the poor attitude of saving for the future, therefore, this would only make a temporary change to those regions that produce the food in commercial quantity.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s