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Thursday, 8 September 2016

Prices Of Food Items Drop In Kano As Farmers Begin Harvest

Prices of food items are coming down as new harvests are reaching markets in Kano State, the News Agency of Nigeria reports.
 

NAN survey at some markets in the state revealed that prices of some grains have drastically reduced.
However, rice is still experiencing high demand, and costly but with slightly dropped in price.


 

A bag of maize is now selling for N10, 000 as against N13, 000 it sold last month, while a measure cost N357, down from between N470 and N500 previously.
Price of a measure of millet has equally dropped from N360 to about N250.
 

NAN checks revealed that the price of a bag of rice, which sold for N19,000, is now selling at N17,500 while a measure cost N700.
Some consumers, who spoke with NAN, expressed optimism that the prices of food items would crash further before the year ends.
 

Malam Sani Usman, a consumer, said that the current economic hardship would end when there is massive food production.
He said that when people don’t produced but consumed more “there will is bound to be food shortage and the economy will become weak.”
 

Another customer, Ibrahim Asim, appealed to traders to desist from hoarding food in attempt to make more gains. 

NAN

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