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Esoko predicts continuous increase in foods costs

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Agricultural profiling and messaging support organisation, Esoko is predicting a continuous enhance in the charges of foodstuff goods thanks to uncertainty on the way ahead in Ghana’s Covid-19 fight.

Following countrywide evaluation of commodity prices for April, following the lifting of the partial lockdown imposed to control the distribute of the coronavirus, Esoko claimed food items selling prices will increase in May possibly.

“With the modification of how markets are set up in some locations, coupled with the reality that we are in the manufacturing interval, it is expected that commodity rates will go on to demonstrate some upward actions,” it mentioned.

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From its April study, there was a hike of 28.84% in the cost of cassava to close the month at ¢124.33 for every bag with tomato also earning a get of 24.18% for every crate to shut at ¢826. Pona, a variety of yam, gained 22.11% to close at ¢814.67 for each 100 tubers.

The ordinary rate of a bag of maize acquired 18.11% to shut at ¢164 with cowpea also making a get of 15.26% to close at ¢428.29 for each bag.

Gari closed at ¢228.29 representing an raise of 13.66% in price with millet closing at ¢247.57 representing an increase of 7.64%.

Area rice (white) attained 4.98% to shut at ¢346.29 with soya also getting 4.11% to near at ¢271.71 for every bag.

Wheat improved by 4.51% to shut at ¢296.40 for every bag with groundnut shelled gaining 3% to near at ¢549.71 for every bag.



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