PARIS, AUGUST 30, 2016: (DGW) If reports reaching DailyglobeWatch from Nigeria is anything to go by, prices of foodstuffs are spiraling downwards particularly in Jigawa State.
The News Agency of Nigeria, (NAN) owe this sudden crash in foodstuffs prices to what it describes as ‘a significant increase in the supply of agricultural produce to the market’.
It reported further that investigations conducted on Tuesday in the Jigawa State capital showed that about 30% drop in prices was recorded as a bag of millet now goes for N14, 000 as against N18, 000 while a bag of paddy rice went for N8, 500 as against its previous price of N11, 000.
Maize and sorghum were sold at N11, 000 and N13, 000 down from their old prices of N15, 000 and N17, 000, respectively.
Maize and sorghum were sold at N11, 000 and N13, 000 down from their old prices of N15, 000 and N17, 000, respectively.
NAN also reported that farmers recorded high yields due to appreciable rainfall and good weather condition recorded this cropping season.
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