Market Analysis: Basket Of Tomato Now Costs N58,000

0
Market Analysis: Basket Of Tomato Now Costs N58,000
Market Analysis: Basket Of Tomato Now Costs N58,000

Residents and marketers on Sunday in Ilorin, the Kwara State capital, were shocked by a sudden increase in the price of tomato.

A basket of tomatoes in the aforementioned region has increased to N58,000. This was made known by marketers and residents of the state.

Abdullahi Latifat, while speaking with Daily Trust at Mandate Market, said the situation was beyond what the family could bear.

“Last week, the smallest bowl of tomatoes was sold for around N300 but now it’s N1,000.

“A big basket that used to sell for around N20,000 has shot to between N57,000 and N58,000.

Arinola, another resident said she had to reprioritise her budget when she came to the market because of the ‘skyrocketing’ price of the commodity.

A seller, Malam Hanas, said the price hike was because the season is gradually going, adding that it might get worse from Monday (today).

On his part, another seller, Mallam Surajdeen, said a small basketball that used to sell for around N1,000 is now N4,000 and more.

He said the situation, which they are helpless about, has affected sales.