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Business News of Saturday, 26 March 2016

Source: classfmonline.com

Soya bean price up 6%

File photo: Soya beans File photo: Soya beans

For the last week in March, soya bean recorded the highest gain in price. The commodity gained six per cent and it is now selling at 6 cedis 40 pesewas per medium size tin.

This was followed by groundnut, which gained 4 per cent to close the week at 13 cedis 30 pesewas per medium size tin.

Figures released by Esoko Ghana also showed that cowpea gained three per cent to close the week at an average price of 8 cedis 20 pesewas per medium size tin.

Fresh tubers of cassava, maize, millet and yam also followed with 2 per cent gain each. Local rice, wheat and tomato also gained by a percentage point each. They closed the week at 7 cedis 80 pesewas, 12 cedis 60 pesewas and 7 cedis per medium size tomato tin, respectively.

Gari dropped by a percentage point to close the week at 5 cedis per medium tin. Checks by Esoko Ghana also showed that on the various markets, an “olonka” of maize gained six per cent in in price in Takoradi to close the week at 10 cedis 70 pesewas. It gained two per cent in Dambai to close the week at 5 cedis 10 pesewas. The price remained the same in other markets.

A “medium size tomato tin” full of fresh tomatoes lost nine per cent in Kumasi to close the week at 8 cedis 20 pesewas. The commodity, however, made some gains in Techiman and Takoradi. In Techiman, it gained 14 per cent to close the week at 8 cedis and three per cent in Takoradi to close the week at 12 cedis 40 pesewas. In the other markets, the price remained the same.