Soyabean now sells at GH¢6.40 per ‘olonka’

Soyabean prices rose by six per cent in the week ending March 25, bringing to GH¢6.40 the price at which an ‘olonka’ of the product would be retailed.

The new price was tracked by Essoko Market Watch, which computes prices for selected commodities acrsso various markets nation-wide.

The six per cent rise in Soyabean prices was the highest increment in the week, which also witnessed price hikes in the likes of groundnut, cassava and cowpea.

Groundnut prices went up by four per cent to close GH¢13.30 per ‘olonka’ while cowpea gained three per cent, bringing its new price to GH¢8.20 per ‘olonka’.

Cassava (fresh tubers), maize, millet and yam (pona) also followed, with two per cent gains each.

They closed the week at GH¢6.60, GHS 5.20, GH¢5.30 and GH¢5.30 per “3-4 tubers’, ‘olonka’ and ‘medium size tuber” respectively. Rice (local), Wheat and Tomato also gained by a per centage point to close at GH¢7.80, GH¢12.60 and GH¢7 per ‘olonka ’and ‘medium size tomato tin” respectively.

Gari, a derivative of cassava, dropped by a per centage point to close at GH¢5 per ‘olonka’.

On the various markets, the price for an “olonka” of maize gained by 6 percent in Takoradi to close the week at GH¢10.70 and also gained by two per cent in Dambai to close at GH¢5.10. In the other markets, the price remained the same.

On the other hand, a ‘medium size tomato tin’ full of fresh tomatoes lost nine per cent in Kumasi to close the week at GH¢8.20. It, however, made some gains in Techiman and Takoradi.

In Techiman, it gained 14 percent to close the week at GH¢8. In Takoradi, it also gained three per cent to close the week at GH¢12.40.

In the other markets, the price remained the same.