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Business News Wed, 17 Jun 2015

Food prices see marginal gain in 2nd week of June

The general performance of the various commodities on the market this week was positive with most of them making marginal gains.

The highest change of seven percentage increase was by groundnut and maize with tomatoes recording the least of negative four per cent.

According Esoko which did the checks across the various markets in Ghana, tomato gained 13 per cent in Accra to close the week at GH¢16.09 per medium size tomato tin.

It also gained 14 per cent in Techiman to close at GH¢9.00, Kumasi closed at GH¢8.10 gaining seven per cent. Takoradi and Dambai however lost four per cent to close the week at GH¢14.99 and GH¢7.74 respectively.

Maize was sold at GHC 4.5 per ‘olunka’ in Accra gaining 6 percent. It a­lso gained 14 percent in Tamale to close the week at GH¢4.00 per bowl.

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Retail prices are provided in standard measures (Kgs or Litres) as local measures tend to change for each market.

• Accra market is Agbogbloshie * Kumasi is the Central market.

A 100kg bag of maize continued its rise in two markets this week. In Accra, it gained 10 percent to close the week at GH¢170 from a previous price of GH¢155. Tamale also gained 15 per cent to close the week at GH¢156.

On the retail market a kilo of the commodity was sold for GH¢1.80 representing an increase of six per cent. Tamale also gained 14 per cent to close the weekat GH¢1.60 from a previous price of GH¢1.40.

A crate of tomato gained two percentage points at Techiman to close the week at GH¢286 from a previous price of GH¢280. Accra also gained five per cent to close the week at GH¢550 from a previous price of GH¢525.

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Takoradi lost to close the week at GH¢416 from GH¢420 representing a marginal loss of 1 percentage point. Dambai also lost five per cent to close the week at GH¢180 from a previous value of GH¢190.

On the retail market a kilo of the tomato was sold for GH¢4.50 from a previous price of GH¢4.20 representing an increase of seven per cent. Accra and Techiman gained 13 and 14 percentage points to close the week at GH¢8.94 and GH¢5 respectively.

Dambai and Takoradi however lost four per cent to close the week at GH¢4.30 and GH¢8.33 respectively. Esoko market watchers have attributed the performance to shortage of the local type of tomatoes on the market this is because the harvest of the commodity has not been good this season.

Source: Graphic.com.gh