Prices of Food Stuffs Soar Across Taraba Markets

Price of food stuffs has gone up in Taraba state even as farmers are witnessing bumper harvest.

Daily Trust findings revealed that 100kg bag of maize old stock is sold at N22,000 against N17,000 sold last week.

Similarly a 100 kg bag of local rice old stock now sold at N42,000, was sold N37,000 last week.

Our correspondent gathered that 100kg bag of newly harvested maize now sold at N16,000 against N6,000 sold during harvest last year.

Our finding revealed that price of beans, millet, yam and flour has also gone up to about 25 percent.

The increase in the price is coming when farmers across the state are witnessing bumper harvest.

Merchants, it was gathered are following farmers to their farm lands to buy harvested produce.

Most of the merchants, it is believed, are hoarding the products, a situation which caused high prices of newly harvested farm produce in the state.

In Mutum Biyu, Iware, Garba Chede, Tella and Sabongida markets trucks loaded with farm produce are leaving the markets to various towns where the items are hoarded on weekly basis

Read the original article on Daily Trust.

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