Ghana's No1 Agric News Portal
Thursday, March 30, 2023
  • About Us
  • Advertise With Us
  • Contact Us
  • News
  • Farmers’ Stories
  • Business
    • Events
    • Opportunities
  • Africa/World
  • Agri-Produce
    • Crops
    • Livestock
    • Wildlife
    • Aquaculture
  • More
    • Climate Change
    • Press Releases
    • Video
No Result
View All Result
  • News
  • Farmers’ Stories
  • Business
    • Events
    • Opportunities
  • Africa/World
  • Agri-Produce
    • Crops
    • Livestock
    • Wildlife
    • Aquaculture
  • More
    • Climate Change
    • Press Releases
    • Video
No Result
View All Result
No Result
View All Result
Home News

Food prices to drop by end of August – Esoko Ghana

August 20, 2021
in News
0 0
0
Food and Agriculture Organization
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

After several weeks of increases in food prices on the market, consumers should expect some stability and price reductions by the end of this month, August 2021.

This prediction was made by commodity analyst, Esoko Ghana.

The consistent increases in food prices over the past weeks have left many households and businesses worried.

In an interview with Citi Business News, Content Manager at Esoko Ghana, Francis Danso-Adje said: “As we approach the end of this month August and early September, food prices will begin to come down because food production cycle in the southern part of the country would have been complete, and the produce will start hitting the markets in the capital city which will bring food prices down”.

He added that government should invest in irrigation systems and storage facilities to ensure that there is food supply of all the major commodities all year round.

“We have to try and produce all year round, which means investing in irrigation and some other forms of technology like green housing. Again, with our way of storing food, we need to do something about it–what happens to the produce once they come onto the market. The ones that we do not consume immediately, we need to either process them or keep them in a form that we can use later on,” he advised.

Current prices of foodstuff

According to Esoko Ghana, a 91kg bag of cassava which was selling for GHS206 as of 21st January in Takoradi, shot up to GHS247.50 by July 21, 2021.

In Tamale, it increased from GHS185 to GHS226 within the same period.

Meanwhile, a 100kg bag of maize sold for GHS234 as of January in Takoradi shot up to GHS420 by July 2021. It recorded an increase from GHS190 to GHS294 in Tamale, while it increased from GHS191 to GHS301 in Techiman.

In Tamale, local rice increased from GHS415 to GHS450, while in Techiman the product recorded a significant increase from GHS397 in January to GHS904 in July.

The price of a hundred tubers of yam weighing 250 kg sold for GHS797 in January, as of July is now selling for GHS956 in Takoradi.

Despite these developments, there have been some marginal reductions. In Tamale, the price of a hundred tubers of yam reduced from GHS850 to GHS813 between January and July.

For local rice, a 100kg bag sold for GHS304 in January in Takoradi, recorded a reduction by July, and now selling at GHS285.

A 91kg bag of cassava in Techiman recorded a slight decrease of GHS2 from GHS182 to GHS180 in the period under review.

Meanwhile, in Takoradi a 50 kg bag of imported rice was selling at GHS329 in January but came down to GHS324 by July. In Techiman a 50kg bag of rice recorded a reduction from GHS380 in January to GHS372 by July 2021.

Tags: Food prices
  • Trending
  • Comments
  • Latest
I never used chemical fertilisers but I excelled – 2017 2nd National best farmer

Farming is the most Lucrative job – CEO of Okata Farms

June 6, 2020
Sugarcane farmers seek Gov’t support ahead of Sugar Factory reopening

Sugarcane farmers seek Gov’t support ahead of Sugar Factory reopening

June 12, 2020
The 2021 Livestock, Poultry, and Fisheries (LiPF) training trade show launched.

The 2021 Livestock, Poultry, and Fisheries (LiPF) training trade show launched.

March 6, 2021
2020 National Farmers’ Day Launched

2020 National Farmers’ Day Launched

September 29, 2020
The 2021 Livestock, Poultry, and Fisheries (LiPF) training trade show launched.

The 2021 Livestock, Poultry, and Fisheries (LiPF) training trade show launched.

12637
Resurgence of ‘fall armyworms’ – Farmers warned

Resurgence of ‘fall armyworms’ – Farmers warned

4425
New Agro Intervention Project Launched to Alleviate Poverty – Kintampo

New Agro Intervention Project Launched to Alleviate Poverty – Kintampo

3503
2020 National Farmers’ Day Launched

2020 National Farmers’ Day Launched

2587
One Country One Priority Product advances in Africa

One Country One Priority Product advances in Africa

March 27, 2023
Government to compensate 138 poultry farmers affected by Avian Influenza

More poultry farms in Dormaa Municipality collapsing due to shortage of feed.

March 26, 2023
Germany supports FAO to improve access to food in Eastern Africa

Germany supports FAO to improve access to food in Eastern Africa

March 24, 2023
Nine agribusiness ideas to consider in Africa in 2023

22% of global greenhouse gas emissions come from agriculture, forestry, and land use -FAO report

March 22, 2023
Agri Ghana Online

Agrighanaonline.com is your most authentic agricultural website. We bring you all agricultural news and information from Ghana and across the world.

  • News
  • Farmers’ Stories
  • Business
  • Africa/World
  • Agri-Produce
  • More

© 2020 Agri Ghana Online -Developed By Marvbel Koncepts.

No Result
View All Result
  • News
  • Farmers’ Stories
  • Business
    • Events
    • Opportunities
  • Africa/World
  • Agri-Produce
    • Crops
    • Livestock
    • Wildlife
    • Aquaculture
  • More
    • Climate Change
    • Press Releases
    • Video

© 2020 Agri Ghana Online -Developed By Marvbel Koncepts.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In