BASED on a survey carried out in major markets in Ibadan metropolis, prices of most foodstuffs have been on the increase in the last few weeks. Major factors responsible for the increased prices of the foodstuffs, according to dealers in the markets, are poor harvest due to erratic rainfall, and the hajj celebration coming which is far approaching. A bag of short grain rice previously sold for N7,000 now sells for N8,000 per bag. A bag of long grain rice was N7,800 and it sells for N9,300 now. A set of three small tubers of yam was N450 and now it sells for N600. However, it was found out that a bag of onions has reduced in price from N10, 500 to N10, 000.
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It was also discovered that the price of beans is on the decrease, with oloyin and drum varieties of beans reflecting a margin of N500 and N4000 per bag respectively. A bag of oloyin beans was N13,000, and has now reduced to N12,500, while a bag of drum beans was N18,000 but it now sells for N14,000. One bag of Sokoto beans was N12,500 and it now sells for N13,000.
For pepper, a big basket of tomatoes was N4,000 and has now reduced to N2,000.
A small basket of tomatoes was N500 but now sells for N250, One big basket of rodo was N4,000 and has also reduced to N2,500,One big basket of red pepper was N5500 and has reduced to N5000.
Also, the price of fish is on the increase. One kilogramme of Titus fish was N500, but it now sells for N600; one kilogramme of Frozen Stock fish was N650, but now sells for N700; one kilogramme of Croaker was N500, but it now sells for N900 and one kilogramme of Mackerel was N300 but is now being sold for N450.
One kilogramme of chicken was N650 but it sells for N1,000 while one kilogramme of turkey was N680, but it now sells for N1,300.
A pack of one-kilogramme Semovita was N1,950 but now sells for N2,080, and a pack of two-kilogramme Semovita was N1850, but now sells for N2050 and a five-kilogram bag of semovita was N900 but now sells for N1000.
The price of vegetable oil is also on the increase as the price of 500ml of vegetable oil was N370, but now sells for N400; 900ML of vegetable oil was N450, but now sells for N470. One liter of vegetable oil was N450 but now sells for N500, depending on the brand.
Seven liters of palm oil was N700 but now sells for N1,300 and 25 liters of palm oil was N7,000 but has reduced to N6,500.
