Pona, Maize, Others Make Significant Gains While Cassava, Drop in Price

Most commodities recorded gains at the end of trading for the month of May. The gains made were within the range of 1.18 to 7.65 percent.

The highest gain of 7.65% was recorded by pona to close at GHS 607.33 with maize recording a 6.25% increase to close the month at GHS 155.43 per bag. Tomato and Soya made gains of 5.85% and 5.04% to close at GHS 440.33 per crate and GHS 256.29 per bag respectively. Imported and local rice also made gains of 3.26% and 2.15% to close at GHS 310.40 and GHS 332.57 respectively.

Cassava however, dropped by 3.78% to close the month at GHS 72.17 per bag.

COUNTRYWIDE ANALYSIS

 CROP ANALYSIS

Maize

The average price for a bag of maize gained 6.25% to close the month at GHS 155.43. The highest price of GHS 196.00 was recorded at Takoradi with the lowest price of GHS 123.00 at Bawku.

Rice Local

The average price for a bag of local rice gained 2.15% to close the month at GHS 332.57. The highest price of GHS 450.00 was recorded at Accra with the lowest price of GHS 257.00 recorded at Takoradi.

Tomato

The average price for a crate of tomato gained 5.85% to close the month at GHS 440.33. The highest price of GHS 727.00 was recorded at Accra and the lowest price of GHS 250.00 at Kumasi. The price of tomatoes has started dropping because locally grown tomatoes have been harvested and are on the markets. It is expected that the prices will drop further in the coming weeks.

Source: Esoko Ghana

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