Price of imported rice decline in third week of February



For the third week of February, imported rice recorded the highest drop of twenty percent.

A five kilogram bag of imported rice is now selling at 21 cedis 90 pesewas.

This was followed by local rice which lost five percent to close the week at 6 cedis 80 pesewas per medium size tin.

Groundnut and cowpea followed with 4 and a percentage drop in price respectively.

Meanwhile the prices of yam, maize and gari made gains of between 3 and 7 percent.

Also, the price of tomato which has been declining  for the past three consecutive weeks, increased by one percent to close the week at 6 cedis 90 pesewas per medium size tin. Similar declines were recorded by fresh tubers of cassava and soya beans.

On the various markets, a medium size tomato tin full of fresh tomatoes lost 7 percent in Accra to close the week at 9 cedis 30 pesewas; it lost 4 percent in Techiman to close at 7 cedis.

The commodity however gained 24 percent in Kumasi to close the week at GHS 6. cedis 20 pesewas. It also gained 2 percent in Takoradi to close the week at 11 cedis. The price however remained the same in the other markets.

The price of a medium size tin of maize lost 3 percent in Kumasi to close the week at 5 cedis but  increased by 18 percent in Takoradi to close the week at 10 cedis and also gained by 17 percent in Bawku to close the week at 3 cedis 50pesewas.

Credit:Esoko Ghana

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