Price of rice increases by 10 per cent
Price of imported rice has increased by 10 per cent. Currently, a 5kg bag of rice is being sold for GH¢28.
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As at the last week of November, the price of the same quantity of (imported-Uncle Sam) rice was sold at GH¢25.
The increase places rice as the highest gainer in commodities in the country at the beginning of December 2015.
According to Esoko Ghana, the increase is expected because of the yuletide.
The Content Manager of Esoko Ghana, Mr Francis Danso Adjei, noted that “in the case of rice, the price is determined by the volumes that go into the market. The increase means that the quantity going to the market is quite low and that people have started buying rice, so demand outweighs the supply in the market.”
The increase in the prices of rice was followed by maize which made a two per cent gain to close the week at GH¢4.00 per olonka.
Yam (Pona) also followed with a percentage gain to close the week at GH¢3.60. Soya bean dropped by seven per cent to close the week at GH¢5.90 per olonka.
However, according to Esoko Ghana, the firm monitoring the markets, cassava (fresh tubers) and groundnut dropped by two per cent each to close the week at GH¢4.50 and GH¢12.70 per “3-4 tubers” and “olonka” respectively.
Other commodity prices remained the same.
On the various markets, the price for an “olonka” of maize gained by 20 per cent in Bawku to close the week at GH¢3.00. It also gained a percentage point in Techiman to close the week at GH¢3.00 and dropped by two per cent in Kumasi to close the week at GH¢5.00.
Tamale
In Tamale, it gained a percentage point to close the week at GH¢4.00, while in the other markets the price remained the same.
A “medium size tomato tin” full of fresh tomatoes lost 13 per cent in Accra to close the week at GH¢18.00, with Techiman losing 13 per cent to close at GH¢10.10 and Dambai also dropping 19 per cent to close at GH¢7.20.
Kumasi
The commodity, however, made some gains in Kumasi, Tamale and Takoradi.
In Kumasi, it gained five per cent to close at GH¢9.50 and in Tamale by 22 per cent to close the week at GH¢6.60.
Takoradi
Takoradi had 20 per cent to close the week at GH¢21.60. In the other markets, prices remained the same.
Meanwhile, Esoko Ghana wished farmers and fishermen in the country “Ayekoo” for “feeding the nation.”
NB: Retail Prices are provided in standard measures (Kgs or Litres) as local measures tend to change for each market.
* Accra market is Agbogbloshie
* Kumasi is the Central market.
Bawku, Dambai and Tamale use Koko bowl