Rising food prices: Sales drop, buyers lament

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Rising food prices: Sales drop, buyers lament Esther Odili Yesterday 72386 Share on Facebook Share on Twitter Send email – As recession bites harder, the prices of food items continue to rise daily in various markets across Lagos state – A survey conducted by NAIJ.com reveals the availability and cost of food items in Onigbongbo Market, Maryland, Lagos – Buyers and sellers lament on the increasing prices of food items attributing it to the present economic challenges As recession bites harder, the price of foodstuffs continues to rise daily in various markets across the state. The availability and cost of food items are considered important in ensuring the well-being and survival of the human society. The current situation where prices of food items have continued to rise on a daily basis, becomes a source of concern to all and sundry in the last five months. Buyers and sellers of perishable and non-perishable goods in the markets lament the hike in purchase of the items from manufacturers to their various market locations. This has raised worry that the situation may soon go beyond what they can handle. READ ALSO: Traders groan as prices of food increases at popular market They groaned that the cost of transportation, weather condition, market force are the causes of the upward pressure on prices of food items which thereby creates an untold hardship in many homes. Now, most families eat what is available and affordable compared to what was nutritional or desirable to them before. This present development has resulted into malnutrition among people, especially children, thereby making people spend more and eat less. The price of items like rice, beans, vegetable oil, flour, yam, Maggi, have continued to rise as observed in the market.   Share on Facebook Share on Twitter It is quite expensive to buy tomatoes and pepper in the market these days. Photo: Esther Odili A bag of rice, which sold for N8, 000, before now, sells for 11,000 naira; vegetable oil which sold for 10,000 upward, now sells for 15,000 and above as observed in the market. A trader in Onigbongbo market, Maryland identified as Iyke, attributed the increase in the price of beans of beans, rice and garri to the on-going fall in the economy. He said: “The demand is more and the supply is low but the purchasing power and cost of transportation led to the increases in the price of the items. A bag of rice ranges from N17,000, N18,500 and N19,500. A big bag of beans (Oloyin) costs N22,000, a big bag of Olotun beans costs 40,000. While a bag of red garri costs N8,000 and a big bag of white garri costs N14,000.” Share on Facebook Share on Twitter Even the cost of palm oil is becoming unbecoming. Photo: Esther Odili Mummy Faith, a trader who sells consumable  items like, semolina, sachet tomatoes, salt, sugar, poundo yam, margarine, seasoning and flour attributed the hike in price in goods to the current economic situation. She said: “For Kings oil, 25-litre is N10,600 before, but now, N15,800 and we sell at N16,000. A pack of Maggi cube before is N350 but now is N450. Ola poundo yam before is N1,800, but now it is N3,000. People are buying because they don’t have choice. The patronage is low. The price is too much for the less privilege. Like spaghetti costs N80 before but now it costs N180. A carton before was N1,800 but now it costs N3,300. “Things like flour are very expensive. Before, the bag was N8,000 but now it costs N11,200. Also, items like butter, sugar and some other items for cooking are very expensive. We buy from the company directly and they give us the fixed price.” Share on Facebook Share on Twitter Beans, rice, garri and other foodstuffs have now become really exorbitant. Photo: Esther Odili Musibau Kehinde Olanrewaju, a representative of the chairman of Onigbongo meat sellers association, attributed the rise in the price of Beef (Meat) to the present economic situation. “Things are quite expensive now. What we buy is greater than the profit we make .The cost of purchase is higher than the profit actualised. At the end of the day, you end up in debts. Only God can help us. The patronage is encouraging, but the purchasing price of cow is higher. “It has not been the usual amount. We go to the market every day. There is no fixed price in the purchase of cow, but it depends on your purchasing power. The price fluctuates. Sometimes it is expensive while other times it is not. The present economic situation is the cause of the hike. We appeal to the government and pray to God for a change,” Mr Olanrewaju lamented. Share on Facebook Share on Twitter Cartons of noodles being piled up without a buyer in the market. Photo: Esther Odili.  After Sallah celebrations, prices of goods crash badly A cow skin (Ponmo) seller who pleaded anonymous, said the rise in price of cow skin (Ponmo) is as a result of the rise in dollar. She said: “The rise in dollar has really affected the price of cow skin (Ponmo). The ones we buy at N3,000 then, now costs N3,500. The ponmo we sell for N50 is now sold for N100.” A trader identified as Mrs Ojo also lamented on the hike in price of foodstuffs, saying: “Before we buy bags of egusi, ogbono and crayfish, but now we don’t buy anymore. We buy plastics (Paint). “Before now, a plastic was sold for N1,800 but now it costs N4,000. While a paint of egusi costs N800 but now it costs N1,200. A paint of crayfish cost N1,000 but now it is sold for N1,500. We are just managing to buy and sell. Now customers, who come to buy from us, only beg before purchase, at the end of the day, the profit is low. People buy with begging. We do not even know the cause of the hike, since I was born and started selling foodstuffs; I have not witnessed this type of thing happening now.” “25-litre of palm-oil before is N11,000 but now N14,000. We sell but there is no money to buy it. They are telling us things will be okay, is it when people die that things will turn out for good. We plead with the government to come to our aid, and do the right thing.” A tomato seller identified simply as Tope, blamed the present administration on the increase in price of goods in the market. According to him: “The fight against corruption brought about the increase in the various items. Things are expensive, the government should work harder I do not believe things will change for good, but I know Nigerians will adapt to this system, in due time. “In previous months, we buy a basket of tomato at the rate of N5,000 but for now we do buy it at the rate of N8,000 and above. A bag of pepper before costs N10,000 but now it costs N15,000 and above. And for onion the price is determined according to its season. The availability, determines its price. Before we buy a bag of onion at N18,000 but now it costs N26,000. The patronage is low and not encouraging. But despite the hike, people still turn up.” Traders decried a drop in sales, which they blamed on the economic condition in the country and delay in payment of workers’ salaries. Aina, a trader who sells items like sugar, salt and other basic items for baking said the prices of items continue to rise daily. “The amount you purchase an item, differs from the amount you get it the next day. A bag of sugar costs N7,000 before, but now, we are buying it N15,500 and above. We buy three bags before but now, we buy only one bag. We ca not really trace the cause of the rise in prices of food items. Now people, who come to buy in large quantities, go for the ones they can afford.” Also, a small tuber of yam, which was sold for N150 before, is sold for between N250 and N300 now. While a big tuber of yam costs N600, as observed in the market. The current situation where prices of food items have continued to rise on a daily basis has become a source of concern to all and sundry. In a similar development, the prices of essential food items have risen significantly in connection with the rising level of inflation in the country. Traders in various markets across the state have complained that the prices of food items increase each time they go to purchase a new one by the suppliers. The hike in food prices has been attributed to the poor state of the economy occasioned by the declining supply of commodities, rise in fuel price and the devaluation of naira. Before                                                                                                                         Now Beans: A bag of Oloyin beans (big) N 18,000                                                                         N22,000 A bag of Olotu beans (big) N35,000                                                                         N40,000 Rice: A bag of Special rice              N18,500                                                                       N19,500 A bag of Agric rice                  N18,000                                                                       N18,500 A bag of Zion/stallion rice      N17,000                                                                       N19,000 Garri: A bag of red garri                   N7,000                                                                         N8,000 A bag of white garri                N12,500                                                                       N14,000 25- Litre of groundnut oil       N10,600                                                                       N15,800 25-Litre of palm oil                 N13,000                                                                       N14,000 2KG of Honeywell semolina    N500                                                                            N600 A bag of sugar flour                N8,000                                                                         N11,200 A bag of sugar                         N7,000                                                                         N15,500 A carton of tomato paste        N2,800                                                                         N3,300 Noodles: A carton of Chikki small          N1,600                                                                        N1,900 A carton of Super pack            N2,600                                                                         N2,800 A carton of Onion super         N2,600                                                                         N2,900 A carton of Hungry man         N2,800                                                                         N2,900 Fish: A carton of titus fish               N12,000                                                                       N20,000 A carton of croaker fish          N17,000                                                                       N22,000 A carton of chicken                 N5,500                                                                         N8,000 A carton of Turkey                  N8,000                                                                         N11,000 Yam: Five tubers of small yam        N1,000                                                                         N1,500 Five tubers of big yam            N2,000                                                                         N3,000




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