Food costs crash in Maiduguri

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    Monday Market in Maiduguri: costs of rice and different foodstuffs fall

    By Rabiu Sani/Maiduguri

    Prices of native rice and different foodstuffs have dropped by about 25 per cent in Maiduguri, Borno state, in response to a survey by the News Agency of Nigeria (NAN).

    A verify by NAN at Gamboru and Customs Area markets in Maiduguri indicated that costs of rice had fallen prior to now two months with the start of crop harvest by farmers.

    NAN reviews that rice farmers had recorded bumper harvests this cropping season, forcing the costs of the staple meals crushing.

    A 50kg bag of native rice goes for between N6,500 and N7,200 as towards the outdated worth of N9,000, whereas a measure of the produce is offered at N380.

    The improvement has affected the worth of refined rice which additionally declined.

    A 50kg bag is being offered at between N15,000 and N16,500 from the outdated worth of N17,500.

    A measure of the commodity now goes for N900 as towards N1,zero50, relying on its high quality.

    Prices of different produce had additionally dropped considerably prior to now months as a measure of maize is offered at N280, beans N450 and millet N350, as towards the earlier costs of N420, N600 and N500, respectively.

    Similarly, a measure of groundnut oil is offered at N280 as towards N500.

    Traders on the markets attributed the drop in costs to enchancment within the provide of the commodities.

    Malam Ali Muhammad, a rice seller, stated that costs of rice had been falling on each day foundation in view of the contemporary provides from the farms.

    Muhammad additionally attributed the state of affairs to enchancment within the provide of native produce to the market, including that the event is encouraging.

    “There is a big improve within the variety of farmers who cultivated rice and different produce this cropping season.

    “Prices will additional go down as provide improves,’’ he stated.

    Muhammad stated that rice sellers had been now having fun with considerable patronage.

    Also commenting, Ya-Ana Yusuf, a peanut grower, stated that the huge mobilisation of farmers in liberated communities had inspired manufacturing and compelled grain costs down within the state.

    Malam Muhammad Dungus, a resident, expressed pleasure over the event, and urged merchants to additional cut back their costs.

    NAN reviews that the Federal Government in collaboration with Food and Agriculture Organisation (FAO) had distributed fertilisers, seeds and inputs to over 1.1 million farmers within the Northeast this cropping season.

    More than 5,000 rice farmers had been additionally supported by the Central Bank of Nigeria (CBN) below the Anchor Borrowers Scheme in Borno.

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