Commodity prices slump

Some commodities started trading activities in the first week of August without any price change. The commodity with the highest lost was tomatoes losing 18 per cent to close the week at GH¢8.70 per “medium size tomato tin”, with the highest gain of 2 per cent been made by shelled groundnuts. It sold at GH¢13.30.

Maize prices remained stable in most markets across the country.

A “medium size tomato tin” full of fresh tomatoes dropped by 31 per cent in Accra to close the week at GH¢7.00. In Takoradi it dropped 30 per cent to close the week at GH¢12.60. Also in Techiman the commodity dropped 41 per cent to close the week at GH¢5.90 with Kumasi dropping 15 per cent to close at GH¢4.10.

Market watchers’ say the tomato supply to the market is a contributory factor to the price reduction. There is enough supply of the commodity to the markets.

Maize

The price for a bag of maize remained fairly stable in most markets this week. The commodity Tomato (Fresh)

Tomatoes

A crate of tomatoes started the first week of trading in August by dropping prices in most markets. In Accra a crate of tomatoes was sold at GH¢250.00, decreasing by 35 per cent from last week's price of GH¢383.00 with Kumasi dropping 38 per cent to close the week at GH¢125.00. Takoradi and Techiman dropped by 42 and 45 per cent respectively to close the week at GH¢00.00 and GH¢200.00.

Bawku also dropped 26 percentage points to close the week at GH¢170.00 from a previouse price of GH¢230.00.

A kilo of tomatoes dropped by 31 per cent in Accra to close the week at GH¢3.88. In Takoradi it dropped 30 per cent to close the week at GH¢7.00. Also in Techiman the commodity dropped 41 per cent to close the week at GH¢3.30 with Kumasi dropping 15 per cent to close at GH¢2.30.

Market wtachers say the tomato supply to the market is a contributory factor to the price reduction.

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