Price of food stuff soars in Kosubosu
Price of food items has gone up by 100 per cent in major markets across border communities in Baruten Local Government Area of Kwara, a survey by News Agency of Nigeria (NAN), has shown.
The survey indicates that the border area, referred to as a food hub in the state, has witnessed a rapid rise in the price of the commodities within the last two months.
For instance, a 100-kilogramme bag of yam flour which was sold for N18, 000 before is now N38, 000, while a 50-kilogramme bag of corn and guinea corn has risen from N5, 500 to N10, 000.
A bag of rice which was also sold for between N6, 000 and 6, 800 now sells for between N7, 000 and N8, 000, depending on the brand and the size.
Meanwhile, a consumer at Shiya Market in Kosubosu, Mrs Halimat Sabi, expressed concern about the soaring prices of food stuff, especially when many people could not to afford to buy.
But a food vendor at Okuta Market, Kosubosu, Mr Sulaiman Yaru, told NAN said the development arose from the fact that that farmers were running out of their last harvest.
"Most farmers are out of their stock now, until we have a new harvest, things might continue this way", he said.
According to him, demand for food items across the markets is greater than the rate of supply.
He, however, noted that farmers would begin new harvest in the next few months and that would have a great effect on the price of the items.
"This price we are talking about will soon come down because farmers would start harvesting for this year again," he said.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Olatunji Abdulmumeen AbdulRazaq AbduMajeed Alaro Abdulhakeem Amao Abdulmutalib Shittu Salman Alada Dauda Adeniran Adeshola Islamiya Abdulraheem Muhammad Toyin Sanusi Hamid Bobboyi Medinat Folorunsho Salman James Kolo Tunde Akanbi Okasanmi Ajayi PAACO-PCL Consortium Baba Issa Awoye Presidential Election Joseph Offorjama Ahmed Doyin Awoyale Yoonus Kola Olatinwo Unicontinental Construction Company Gbemisola Saraki UNILORIN Alumni Association Onilupeju Of Ilupeju Saka Abimbola Isau Ilorin Anchor Men And Women Hijaab Transition Implementation Committee Olokoba New Naira Notes Ganiyu Taofiq Salary Special Agro-Industrial Hub Dagbalodo Sidikat Alaya Ghali Alaaya Baboko Wahab Agbaje Kwara State Health Insurance Agency Opolo Global Innovation Limited Oke-opin Turaki IEDPU Olabanji Orilonishe Abdulrahman Abdulrazaq Ahmed Alhasssan Usman Rifun Senate President Seun Bolaji John Olobayo Age AbdulKareem COVID-19 Palliatives General Tunde Idiagbon International Airport Ayedun Susan Modupe Oluwole Col. Taiwo Bayer Nigeria Limited Funmilayo Oniwa Abdul-Rahoof Bello Daud Adeshola Abdulganiyu AbdulAzeez Tuesday Assayomo Adedipe Monsurat Omotosho Isiaka Oniwa Salake Lawan Issa Memunat Moyosore Egbewole Suleiman Ajadi Ajikobi Emir Of Yashikira Atiku Abubakar NAWOJ Abdulfatai Ahmed Taofeek Sanusi Abubakar Atiku

