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16.08.2021 Commodity News

Tema markets swing into stiff foodstuff price war

Tema markets swing into stiff foodstuff price war
LISTEN AUG 16, 2021

An emerging stiff foodstuff war has sprung up in markets in Tema as the growing business-to-business activities across the trading centres is dictated by price indications from markets-to-markets.

Traders watch and pitched the prices of their commodities based on events from nearby markets with the intent to draw consumers from one trading centre to the other. In effect, consumers have also become alert scanning from one market to the other for trading each week.

A Ghana News Agency-Tema weekly market survey conducted in major markets in Tema, Texpo, Kpone, Ashaiman, and Ada revealed different prices of commodities.

For instance, at the Tema Community One and Nine markets, a mini-sack of fresh pepper cost GH¢400.00; and dry pepper ranged from GH¢600.00 to GH¢700.00; a bag of Garden Eggs costs GH¢300.00; while the price of Onion swings between GH¢500.00 and GH¢600.00.

Creates of tomatoes moved upward selling between GH¢1,800.00 and GH¢2,000.00 depending on the type and size; a bag of maize swings between GH¢500.00 and GH¢600.00; and Olonka of Beans and Soya Beans sells between GH¢25.00 to GH¢30.00 depending on the type.

At Ashaiman market, a sack of pepper swings between GH¢350.00 and GH¢400.00; sack of Garden eggs remains at GH¢200.00; medium size basket of Okro sells for GH¢140.00; and Cabbage pegged at GH¢1,000.00.

A bag of cowpea at GHS450.00; soya beans GH¢440.00; beans however moved from GH¢650.00 last week, to GH¢1,000.00; and maize from GH¢480.00 last week to GH¢500.00.

A tuber of yam depending on the type and size sells between GH¢10.00 and GH¢20.00, a sack of cassava sells between GH¢90.00 and GH¢150.00; a sack of cocoyam moved from GH¢470.00 to GH¢500.00 this week.

The price of 50kg Gari goes for GH¢900.00, 50kg Groundnut GH¢1,800.00, 50kg Millet GH¢1,200.00, a bunch of unripe Plantain GH¢50.00 and above.

During the previous week, a sack of garden eggs was pegged at GH¢300.00; a sack of Cabbage went for GH¢650.00; Carrot medium sack GH¢140.00 for the local sack and between GH¢85.00 to GH¢90.00 for the foreign ones.

A 50kg of Maize old type GH¢500.00 and the 50kg maize new GH¢480.00; Yam for GH¢1,000.00 for the 50 tubers old ones, while new yam went for GH¢500.00 for 70 tubers.

The price of 50kg soya beans was GH¢1,200.00 while a sack of Onion was GH¢700.00, a small box of fresh tomatoes was sold at GH¢1,600.00 and big box of fresh tomatoes was pegged at GH¢3,000.00.

Meanwhile, some of the traders attributed the price differences to scarcity of some foodstuffs, poor roads impeding the transportation of the goods from the farming communities to marketing centres.

---GNA

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