The price of tomatoes has dropped further in the last week of January this year.
It dropped by 12 percent to close the week at an average price of GHc8.70 per ‘medium size tomato tin.”
Price of tomatoes dropped by 15% last week.
Checks by Esoko Ghana show that price of Soya beans also dropped by 7 percent to close the week at GHc 5.40 per “olonka.”
Rice (imported –unclesam) dropped also dropped by 3 percent to close the week at an average price of GHc 28.50 per “1 small bag (5kg).”
Millet and Rice (local) also followed with a percentage drop each. Both closed the week at GHc 4.70 and GHc 7.40 per “olonka” respectively.
According to Esoko Ghana their checks showed that wheat however gained 14 percent in its price and is being sold for GHc 9.40 per olonka.
Cassava (Gari) followed with 4 percent gain to close the week at GHc 4.90 per “3-4 tubers.”
Cowpea also followed with a 2 percent gain to close the week at GHS 7.70 per “olonka.”
Maize and Yam (Pona) also gained by a percentage point each. Both closed the week at GHS 4.10 and 4.40 per “olonka and medium size tuber” respectively.
On the various markets, the price for an “olonka” of maize increased by 11 percent in Accra to close the week at GHc 5.00 and dropped by 3 percent in Kumasi to close the week at GHc 5.10, whilst in the other markets, the price remained the same.
Meanwhile in Accra, a “medium size tomato tin” full of fresh tomatoes dropped by 33 percent to close the week at GHc 10.20 with Bawku also losing 33 percent to close at GHc 5.40 and also with Kumasi and Takoradi dropping 2 and 17 percent to close the week at GHc 8.40 and GHc 11.30 respectively.
The commodity in Tamale however gained 25 percent to close the week at GHc 9.00.
Reason for the drop in commodity prices
Market watchers have attributed the performance of the foodstuff in the last week of January to the fact that most of the commodities are getting rotten, so some traders reduced the prices to balance their investments.
For some markets too, traders have started bringing in tomatoes from the neighboring Burkina Faso.
Credit: Esoko Ghana