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 ...
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