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Business News of Monday, 26 October 2015

Source: Esoko Ghana

Prices of foodstuff drop in Week 3 of October

Prices of foodstuff have dropped further in week three of October this year.

The highest drop of 6 percent was made by Tomato which closed the week at an average price of GHS 8.40 per "medium size tomato tin."

This was followed by Cassava (fresh tubers) with 4 percent drop in price to close the week at GHS 3.40 per 3-4 tubers.

According to Esoko Ghana, “Cowpea and Maize also followed with 2 percent drop each. Both closed the week at GHS 7.80 and 4.20 per olunka respectively.”

Checks by Esoko Ghana further revealed that Groundnut dropped a percentage point to close at GHS 12.50 per olunka, Yam (pona) and Soybean gained 3 percent each to close the week at GHS 3.70 and 6.70 per “medium size tuber” and per olunka respectively.

They observed that Millet also gained 1 percent to close the week at 5.10 per olunka.

Meanwhile, the other commodity prices remained the same.

Commodity prices in Accra
On the various markets, the price for an “olunka” of maize lost by 10 percent in Accra to close the week at GHS 4.50 whilst in the other various markets remained the same.

A “medium size tomato tin” full of fresh tomatoes lost 20 percent in Kumasi to close the week at GHS 5.80 with Techiman also losing 8 percent to close at GHS 10.10 and also with Takoradi dropping 11 percent to close at GHS 14.40.

The commodity however made a gain in Tamale. In Tamale, it gained 8 percent to close at GHS 4.70. In the other markets prices remained the same.