Home Business Prices of food items rise ahead Sallah
Business - August 6, 2019

Prices of food items rise ahead Sallah

Traders in a Nigeria market.

The prices of food items have gone up ahead the Eid-el-Kabir festival.

News Agency of Nigeria (NAN) reported that prices of some basic food items have increased between five to 10 per cent in some markets in Lokoja in Kogi.

A visit to the Old and the International markets on Tuesday showed that, the prices of rice, beans, tomato, vegetable oil, palm oil and other food items had increased.

A NAN survey revealed that a 50kg bag of parboiled rice selling for N16,000 before had increased to between N17,000 and N18, 000 in the two foodstuff markets.

In the markets, a bowl of rice now sells for N600, up from N500 it was sold last week.

The survey further revealed that the price of local rice was stable at N21,000 per bag of 80kg.

A bowl of white beans which was N350 had increased to N500 while a 10kg bag of Semovita now sells at N3,100 instead of the former N2,900.

A trader at the old market, Mrs Faith Audu, told the paper that the marginal increase in the prices of food items was due to the forthcoming Eid-el-Kabir festival.

She however, said that the prices of some food items were still stable, saying that a 25-litre of vegetable oil still sells for between N16, 500 and N17, 000 depending on the brand. (NAN).

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