Prices of cassava decline by 14 percent in June

Despite the significant increases recorded between April and May this year, the price of cassava is reported to be declining at the various markets.

Figures released by Esoko Ghana for the first week in July showed that the price of the produce recorded the highest drop in price of four percent.

Three to four tubers of cassava are now selling at 6 cedis 90 pesewas.

This is the fourth consecutive time that the price of the commodity has dropped.

The price of the commodity declined from 8 cedis for three to four tubers at the beginning of June, to 7 cedis 20 pesewas for the same quantity as at the last week in June.

The prices of a medium size tin of groundnut and soyabean, also dropped by 4 percent each for the first week in July.

While a medium size tin of groundnut is selling at 13 cedis 70 pesewas the same quantity of soyabean is selling at 5 cedis 90 pesewas.

Meanwhile the price of tomato declined by 3 percent to close the week at 11 cedis 10 pesewas per medium size tomato tin.

Cowpea also followed with 2 percent to close the week at 9 cedis per medium size tomato tin.

The prices of other food items, gari and yam also dropped by a percentage point each to close the week at 6 cedis 70 pesewas and 7 cedis 20 pesewas per medium size tomato tin respectively.

Details of the prices of some selected commodities on the various markets across the country

Prices of millet and maize however went up by 3 percent and 1 percent respectively.

On the various markets, the price for an medium size tomato tin of maize gained by 11 percent in Accra to close the week at GH¢5 while in the other markets, the price remained the same.

A medium size tomato tin full of fresh tomatoes gained 9 percent in Techiman to close the week at GH¢12.00.

In Accra, the commodity lost 10 percent to close the week at GH¢ 11.60 with Kumasi also losing 18 percent to close the week at GH¢ 10.70.

In the other markets, the price remained the same.
–
By: Pius Amihere Eduku/citibusinessnews.com/Ghana
Credit: Esoko Ghana Commodity Index