Skip to main content

Price of beans soars at Mile 12 Market

Beans

Beans

The price of 100kg bag of beans at the popular Mile 12 Market in Lagos, has slightly increased from N22,000 to N23,000.

The new price regime is contained in a commodity index provided by Novus Agro Nigeria Ltd on Friday in Lagos.

Miss Avadoo Gaadi, Enumeration Specialist at the agro firm, attributed the reason for the slight increase to few numbers of farmers planting beans occasioned by inadequate rainfall coupled with high demand for beans.

“Our inquiries from beans producing states in the country revealed that last year, few farmers planted beans due to scarcity of rain.

“We do not have enough beans in the market right now; and there is high demand for the commodity.

“People who have beans in stock are holding on to what they have while those who are willing to sell are giving it out at high prices,’’ Gaadi said.

She however stated that the price of a paint bucket measure of beans remained stable at N1, 000 at the market last week.

The commodity index showed that the price of 100kg bag of onions reduced slightly to N16, 500 as against the N16, 667 it attracted a week earlier.

The price of 2kg bag of onions remained the same at N500.

However the prices of other commodities remained stable at the market, a development the agro company attributed to epileptic rainfall and the low purchasing power of consumers.

For instance, the price of a 50kg bag of imported rice was stable at N13,500 while the prices of 100kg bags of groundnut, sorghum, soya beans and maize sold for N26,000, N10,000, N7,000 and N11,000 respectively.

The price of 60kg bag of garri was also stable at N12, 800

Labels:

Comments

Post a Comment

Popular posts from this blog

Court grants Fani-Kayode N50m bail

Fani-kayode sandwiched by EFCC officials Justice James Tsoho of the Federal High Court Abuja on Thursday granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode. Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m. Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016. The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office. The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act. The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited. They were charg...
Post a Comment
Read more

Pope not involved in Colombian peace deal- Vatican

Pope Francis Pope Francis has turned down a request to play a role in the peace deal between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) rebel group. The Vatican in a statement issued on Wednesday in in Vatican City said that an invitation was sent to his Holiness in early August to appoint a representative to participate in the committee that selected the judges for the talks. The statement said that though Pope Francis supported the peace process, he, however, reiterated that he would not get involved in Colombian peace deal. It said that Pope was praying for the enlightenment of the hearts and minds of those who were called to promote the common good of the Colombian nation. A deal was announced last week, putting an end to five decades of internal conflict between government forces and the FARC rebels. The agreement, which needed to be ratified through a referendum in Oct. 2, would entail setting up a special court to grant amnesties or pu...
Post a Comment
Read more

Man docked for defiling 9-year-old girl

magistrate-court A 33-year-old man, Godwin Otobo, was on Monday docked at a Surulere Chief Magistrates’ Court in Lagos.For allegedly defiling a nine-year-old girl, ‎Otobo, who lives at No. 10, Borrow Pit St., Sangotedo-Ajah area of Lagos, was said to have defiled the underage girl whose parents also reside in the same compound. The Prosecutor, Sgt. Anthonia Osayande, told the court that the accused committed the offence at about 9.00 p.m. sometimes in September. “The accused defiled the girl in the night when she was fetching water.‎ “The offence contravened Section 137 of the Criminal Law of Lagos State, 2011,’’ Osayande told the court. The accused pleaded not guilty to the one-count charge of defilement. Ruling on a bail application filed by the accused, Chief Magistrate Ipaye Nwachukwu, granted him bail in the sum of N500,000 with two sureties in like sum. She said one of the sureties must be a property owner in Lagos State, while the other must be a civil servant on grade...
Post a Comment
Read more