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Business News of Friday, 3 November 2017

Source: ghanatalksbusiness.com

How you may be spending on food in November

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At the end of trading in the month of October, most commodities continued their downturn.

Tomatoes and Pona Yam plunged by 26.49 and 20.37 percent respectively to close at GHS 207.67 per crate and GHS 372.67 per 100 tubers. Gari also dropped by 5.46 percent to close at 210.14 per bag respectively with maize also dropping 4.84 percent to close at GHS 120.71 per bag. Groundnut, dropped 4.81 percent to close at GHS 345.14 with wheat dropping 1.50 percent to close at GHS 218.17 per bag.

Imported rice and cowpea also dropped by less than a percentage point to close at GHS 293.00 and 365.57 per bag respectively.  Some commodities, however, made some gains. Soya beans gained 9.06 percent to close at GHS 227.00 per bag with local rice also gaining 2.46 percent to close at GHS 291.57. Millet also gained 1.58 percent to close at GHS 220.57 per bag.

Maize

A bag of maize lost 4.84 percent to close at GHS 120.71. The highest price of GHS 162.00 was recorded at Takoradi and with the lowest price of GHS 78.00 recorded at Techiman.

Local Rice

The average price for a bag of local rice gained 2.46 percent to close at GHS 291.57. The highest price of GHS 450 per bag was recorded at Accra with the lowest price of GHS 220.00 recorded at Tamale.

Tomato

The average price of a crate of tomatoes lost 26.49 percent to close the month at GHS 207.67. The highest price of GHS 270.00 was recorded at Takoradi with Dambai recording the lowest price of GHS 180. There is no data for Bawku for a wholesale price because currently tomatoes are traded at the retail level on that market.