Monday, 25 December 2017

Anambra residents celebrate Christmas in low prices of commodities

By Okechukwu Onuegbu
Image result for pictures of eke awka

Anambra State indigenes and residents might have a good time celebrating Christmas and New Year season following a reduction in prices of commodities in the market especially in Awka, the capital city. publisher, who conducted market survey at Eke Awka, the most popular main market in Awka, reports that prices of goods and services were relatively low compared to what it was during the 2016 and New Year season.

According to the survey, Amstel and Cubic Malt stood at N2900 and N2450, while bottled water like Akwa Rafa, Eva and others stood at N500, N450, N600, N500, N1200 and N600 according to sizes of the products.

Similarly, prices of groundnut oil were N1700 (4 litre/1 galoon), N3700 (8 litres/2 galoon), N15, 000 (32 litres/5 galoons), while bottles or a litre of red and groundnut oil cost N450 and N350 respectively.

Also, a 50kg bag of local beans and rice stood at N15, 000 and N7500, while N17000 is for foreign/imported rice, N18, 000 for 50kg Chisco produced brand of Anambra rice, and N17500 for another brand of Anambra rice.

It was also learnt that prices of tomatoes in the market ranges from N4500, N2900, N2800 and N3500 per a carton dependent on sizes and brands.

Speaking on why the prices of goods were yet to skyrocket, Barr. Chibuke Okafo, a dealer on drinks and beverages, said that prices of items may not likely increase considering the recession which according to him, has affected the sales, demands and supply.

“The demands and supply are too low compared to what we had in 2016. Traders fear that numbers of buyers may reduce if they increase the prices of commodities. This is because recession which our federal government claims to have stopped is still in existence in our country. However, things like rice, goats, tomatoes and others may still increase if the demands and supply increases from 24th December, 2017 to New Year,” Okafo, added.

Also speaking, Mr Ifediago Emmanuel, who deals on rice, explains that increase on supply of local rice were instrumental to reduction to the price of the commodity, adding that Anambra rice currently has different brands, including fake and original, courtesy of demands and supply.

Orient Daily recalled that in 2016, the State Fadama III Additional Financing (AF) Project Coordinator, Egbue Chukwuka Patrick, appealed to the general public to remain calm due to astronomical rise in prices of agricultural inputs such as rice, fertilizer, transportation, gas, and other processing costs.

Egbue, who had assured prior to 2016 Christmas and New Year seasons that the state owned rice, would be cheapest in the market, maintained that they experienced bumper harvest, but the embargo being placed on importation of foreign rice also affected the price of Anambra rice as people from all over the country were demanding for the produce at high rate.

In a market survey conducted during the festive season, it was discovered that Anambra rice whose selling price was previously N17, 500 per 50 kg bag rose to N20, 000 or more; from N8, 500 to N10, 500 and more per 25kg bag by distributors.

The market survey also unraveled high cost of living on the people also increased the price of bag of foreign or imported rice previously sold for N15, 500 to N19, 500, and a painter of Garri, formerly sold for N300 to cost of N600.

Also, the price of a yam tuber earlier sold for N250 rose to between N450 to N500, even as bag of beans skyrocketed from N15, 000 to N31, 000 thereby causing the sellers to sold its painter measurement for N1, 5000.

It was further observed that a bag of sachet water (pure water) stood at N130, packet of maggi N350, 5 balls of tomatoes paste (N200), a bunch of ugu (pumpkin leaves) rose from N50 to N100, while the washed bitterleaf (onugbu) have become as expensive as N100.
However, some of the traders interviewed this year like the previous year, complained of low patronage from buyers as the price changes everyday due to increase in food stuff in the market, and called on relevant authorities to expedite action towards bringing the price of goods to normalcy so as to record more buyers.



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