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How You May Spend on Food in June 2018

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Data Source: Essoko

 To receive prices update and agric tips on your phone dial 1900 or visit www.esoko.com 

COUNTRYWIDE ANALYSIS

Most commodities recorded gains at the end of trading for the month of May. The gains made were within the range of 1.18 to 7.65 percent.

The highest gain of 7.65% was recorded by pona to close at GHS 607.33 with maize recording a 6.25% increase to close the month at GHS 155.43 per bag. Tomato and Soya made gains of 5.85% and 5.04% to close at GHS 440.33 per crate and GHS 256.29 per bag respectively. Imported and local rice also made gains of 3.26% and 2.15% to close at GHS 310.40 and GHS 332.57 respectively.

Cassava however, dropped by 3.78% to close the month at GHS 72.17 per bag.

CROP ANALYSIS

Maize

The average price for a bag of maize gained 6.25% to close the month at GHS 155.43. The highest price of GHS 196.00 was recorded at Takoradi with the lowest price of GHS 123.00 at Bawku.

Rice Local

The average price for a bag of local rice gained 2.15% to close the month at GHS 332.57. The highest price of GHS 450.00 was recorded at Accra with the lowest price of GHS 257.00 recorded at Takoradi.

Tomato

The average price for a crate of tomato gained 5.85% to close the month at GHS 440.33. The highest price of GHS 727.00 was recorded at Accra and the lowest price of GHS 250.00 at Kumasi. The price of tomatoes has started dropping because locally grown tomatoes have been harvested and are on the markets. It is expected that the prices will drop further in the coming weeks.

Comments by www.ghanatalksbusiness.com 

For a 100 tubers of a medium-sized Pona yam Accra is the highest at Ghs830,, it means one medium-sized Pona may cost Ghs8.30 in Accra, while the same would cost Ghs3.20 p in Dambai.  Accra now beats Takoradi which has traditionally taken the No 1 spot for yam prices.  Pona in Kumasi is currently cheaper than Techiman and Tamale.

The food price data was collected in the month of May and so with the 10% increase in transport fares from 4th June, the indicative prices on the chart may also be affected.  In effect you may be spending more on food this June than in May.

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Henry Cobblah

Henry Cobblah is a Tech Developer, Entrepreneur, and a Journalist. With over 15 Years of experience in the digital media industry, he writes for over 7 media agencies and shows up for TV and Radio discussions on Technology, Sports and Startup Discussions.

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