Fluctuation in raw material prices in Tema’s main markets

Commodity prices have been on the rise since the onset of the rains

Commodity prices in Tema’s main markets have become unpredictable since the start of the rainy season.

While some traders blamed the trend of food scarcity, others blame fluctuations on poor roads that prevented the transport of goods from farming communities to marketing centers.

The prices of some food products continue to fluctuate every week, making it difficult for consumers to forecast and budget for them, market research conducted in Tema’s major markets has found.

The GNA-Tema weekly market survey conducted in the main markets of Tema over the weekend found that while the prices of some commodities registered a decline during the current week compared to the previous week, d others experienced a marginal increase.

While in some markets food prices have remained the same, others have fallen slightly compared to the last week of June.

Markets visited included: Ashaiman, Tema Community One, Seven, Nine, Texpo, Kpone and Ada.

At Ashaiman Market, traders attributed the high prices of produce to adverse weather conditions, which affected farmers’ production, thereby putting pressure on traders to raise prices.

Some traders said a bag of pepper went from GHS 400.00 last week to GHS 530.00 this week, garden eggs remained at GHS 200.00 per bag, Okro at GHS 140.00 per basket , cabbage at GHS 1,000.00 per bag and the price of green pepper dropped from GHS 120.00 last week to GHS 150.00 this week.

Carrot prices remained at GHS 180.00, but ginger fell from GHS 400.00 last week to GHS 800.00 this week, onions from GHS 600.00 last week to GHS 800.00 this week. week; and a sack of palm nuts also fell from GHS 140.00 to GHS 160.00 this week.

Meanwhile, a bag of millet is still pegged at 380.00 GHS; Cowpeas at GHS 450.00, soybeans GHS 440.00, beans however fell from GHS 650.00 last week to GHS 1,000.00 this week, while the price of maize also fell from 480.00 GHS .00 GHS last week to 500.00 GHC this week; Gari remained at GHS 800.00; Peanuts also stayed at GHS 750.00 and rice varied between GHS 260.00, GHS 275.00 and GHS 290.00 depending on the type.

A yam tuber ranged from GHS 8.00 to GHS 1400, cassava went from GHS 100.00 last week to GHS 250.00 per bag this week depending on type, Cocoyam also fell from GHS 450.00 last week to GHS 500.00 per bag this week and a bunch of unripe plantain went from GHS 50.00 last week to GHS 70.00 this week.

A carton of fish secured at GHS 400.00; and the price of tuna, however, fell from GHS 200.00 last week to GHS 500.00 this week; and a case of tomatoes has also gone from GHS 300.00 to GHS 1,400 this week for locals and from GHS 1,800.00 to GHS 2,000.00 for foreigners.

At Tema Community Nine and Seven markets, a bag of carrots that previously cost GHS 160.00 now costs GHS 250.00; five pieces of onion cost 10.00 GHS; bag of cabbage GHS 100.00; and bag of table salt GHS 120.00.


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About Natalee Broderick

Natalee Broderick

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