ECONOMY:Prices of beans, garri fall at Mile-12 Market

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The prices of some commodities like the 100 kg and 60kg of drum specie of beans and garri on Monday recorded a slight fall at the Mile-12 Market in Lagos. This development was shown in a commodity index provided by the Novus Agro Nigeria Ltd., an agro-based company. 
                                                                    
It showed that the 100kg bag of drum beans, which sells for N20, 000 was sold at N20, 500
last week. Meanwhile, the paint bucket measurement of the commodity remained at N800 as at last week.

A 60kg bag of garri, which now sells for N5, 867, attracted N5, 933 last week, showing a variance of N66, whereas, the paint bucket measure of garri remained the same at N280. Similarly, a 100kg bag of onions dropped by N5, 834, as it now sells for N12, 833 from its earlier price tag of N18, 667.

Meanwhile, a 2kg basket of onions now sells for N171, as against the N367 it attracted last week. A 25 litre jerry can of palm oil now sells at N6, 000 as against the price of N6, 250 it sold for last week. In the same vein, a bottle of the commodity now goes for N200 compared to its former price of N207 last week.

Apart from commodities like maize, sorghum and soya beans that remained stable at N6,000, N6,500 and N15,000 respectively, others recorded slight increases. One of such commodities was the 50kg bag of imported rice, which now sells for N9, 500, against its last week’s price of N9, 333. Also, 100kg of groundnut recorded an increase of N500; it now sells for N24, 000, as against its
former price of N23, 500.
sources: NAN

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