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28.11.2011 Business & Finance

Prices of maize trade beyond expectation

By Nana Boafo jnr
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Prices of maize have taken a trend contrary to what is usually expected. During the last quarter of the year, prices of the commodity drop because of glut as a result of greater supply from producing areas around the country. However, poor yields in major producing areas like Ejura and Nkoranza etc have caused a steep drop in supply. Maize as a major staple of the country, the demand is always high and this development has culminated in inadequate supply. As expected, traders are taking advantage to price the commodity high. From November 2010 and November 2011, the price per bag of maize in the Ejura market has increased over 100%.

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