Oval shaped Tomato prices sky rocket

By
Brand Spur
-
0

Price increases

  • Price increases were only observed in about 4 items on our list (see table below)
  • We observed an over 400% increase in the price of oval-shaped tomatoes which rose from about N800 to N5,800 for a small basket. Our researchers inform us that the item has been scarce in the market for months now and only just became available a few weeks ago.
  • They opine that the price of N800 was the last official price that we tracked, which was month’s ago when the item was available.
  • Our sources inform us that pest related issues and wastage has made farming for tomato unprofitable thus the increases in prices to make some profit.
  • Tomato prices are said to be cheaper around the last 3-4 months of the year and the first quarter of the year.
  • For example, a small basket of round shaped tomato was about N2,700 in September of 2016 and about N3,400 in February this year. It now goes for about N7000 for a basket.
  • We also observed significant increases in the price of a one big size tuber of yam, which went up 43% compared to two weeks ago. Prices rose from N700 to N1000

Price drops

  • Significant price drops was recorded in about 9 items of which potato recorded the highest drop.
  • A small basked of potato now cost about 23% less from two weeks ago at N500. A medium basket cost 17% less at N1000.
  • A 12.5kg cylinder of gas now retails for about N4000 compared to about N4,500 two weeks ago. Gas prices have now dropped from about N5,500 earlier in the year.
  • Relative price decreases were observed with Basmati rice, palm and vegetable oil items.
ItemBrandUnit17/09/201627/05/201710/06/2017% Change from base% Change from 2 wks agoImpact on BaseLocation
Baby MilkSMA Gold500g2,750.002,750.002,750.0000NeutralOjuwoye Market
Baby MilkNAN500g2,000.002,000.002,000.0000NeutralOjuwoye Market
Bag of BeansOloyin50kg16,000.0017,500.0017,500.000.090Price IncreaseIddo Market
Bag of BeansWhite50kg14,000.0016,500.0016,500.000.180Price IncreaseIddo Market
Bag of BeansBrown50kg15,000.0017,000.0017,000.000.130Price IncreaseIddo Market
Bag of FlourDangote50kg11,000.0011,200.0011,200.000.020Price IncreaseAguda Market
Bag of FlourHoney well50Kg11,000.0011,200.0011,200.000.020Price IncreaseAguda Market
Bag of FlourMama Gold50kg11,000.0011,200.0011,200.000.020Price IncreaseAguda Market
Bag of GarriIjebu80kg15,500.0032,000.0032,000.001.060Price IncreaseAgo Ishaga Market
Bag of GarriWhite50kg9,000.0018,500.0018,500.001.060Price IncreaseAgo Ishaga Market
Bag of GarriYellow50kg9,000.0017,800.0018,000.0010.01Price IncreaseAgo Ishaga Market
Bag of RiceBasmati5kg3,700.004,000.003,800.000.03-0.05Price IncreaseDaleko Market
Bag of RiceMama Gold10kg3,500.003,500.003,500.0000Price IncreaseDaleko Market
Bag of RiceRoyal Stallion50Kg18,000.0016,500.0016,500.00-0.080NeutralDaleko Market
Bag of RiceRice Master10kg3,500.003,500.003,500.0000Price IncreaseDaleko Market
Bag of RiceMama Gold50kg17,000.0016,500.0016,500.00-0.030Price IncreaseDaleko Market
Bag of RiceCaprice50kg17,000.0016,500.0016,500.00-0.030Price IncreaseDaleko Market
Bag of RiceFalcon25kg9,000.008,500.008,500.00-0.060Price IncreaseDaleko Market
Bag of RiceOfada5kg2,100.003,000.003,000.000.430Price IncreaseAgo Ishaga Market
Bag of SugarDangote50kg15,000.0019,800.0019,800.000.320Price IncreaseAguda Market
Basket of PotatoSweetBig Basket800400400-0.50Price ReductionIddo Market
Basket of PotatosweetSmall Basket500200200-0.60Price ReductionIddo Market
Basket of PotatoIrishBig Basket3,600.002,400.002,200.00-0.39-0.08Price ReductionIddo Market
Basket of PotatoIrishMedium Basket1,800.001,200.001,000.00-0.44-0.17Price ReductionIddo Market
Basket of PotatoIrishSmall Basket1,000.00650500-0.5-0.23Price ReductionIddo Market
Basket of TomatoOval Shaped1 Small Basket8001,100.005,800.006.254.27Price IncreaseAgo Ishaga Market
Basket of TomatoRound Shaped1 Small Basket2,700.007,000.007,000.001.590Price IncreaseAgo Ishaga Market
Bottled Water (Refill)CwayRefill5005505500.10Price IncreaseOjuwoye Market
BreadVal-U1 loaf30030030000NeutralOjuwoye Market
BreadButterfield1 loaf28028028000NeutralOjuwoye Market
Bunch of PlaintainPlaintain1 Big Bunch8001,200.001,200.000.50Price IncreaseIdi-Oro Market
Carton of NoodlesIndomie120g2,900.002,900.002,900.0000NeutralOjuwoye Market
Carton of NoodlesIndomie70g1,900.001,800.001,800.00-0.050Price ReductionOjuwoye Market
Carton of NoodlesChikki100g1,800.002,100.002,100.000.170Price IncreaseOjuwoye Market
Carton of NoodlesMinimie70g1,500.001,700.001,700.000.130Price IncreaseOjuwoye Market
Carton of NoodlesGolden Penny70g1,500.001,750.001,750.000.170Price IncreaseOjuwoye Market
Cocoa BeveragesMilo (Tin)500g7501,000.001,000.000.330Price IncreaseOjuwoye Market
Cocoa BeveragesMilo (Tin)900g1,400.001,900.001,900.000.360Price IncreaseOjuwoye Market
Cocoa BeveragesMilo Refill500g7009509500.360Price IncreaseOjuwoye Market
Cocoa BeveragesBournvita Refill500g7008508500.210Price IncreaseOjuwoye Market
Cocoa BeveragesBournvita (Plastic)500g7509509500.270Price IncreaseOjuwoye Market
Cocoa BeveragesBournvita (Plastic)900g1,300.001,600.001,600.000.230Price IncreaseOjuwoye Market
Cocoa BeveragesOvaltine Refill500g7008508500.210Price IncreaseOjuwoye Market
Cocoa BeveragesOvaltine(Plastic)500g7509009000.20Price IncreaseOjuwoye Market
CoffeeNescafe Gold Blend100g1,300.001,600.001,600.000.230Price IncreaseOjuwoye Market
CoffeeNescafe Classic50g4005505500.380Price IncreaseOjuwoye Market
EggN/ACrate1,200.001,100.001,100.00-0.080Price ReductionOjuwoye Market
Gallon of Palm OilLocal5 Litres2,200.002,400.002,300.000.05-0.04Price IncreaseAgo Ishaga Market
Gallon of Palm OilLocal20 Litres10,000.0010,600.009,200.00-0.08-0.13Price ReductionAgo Ishaga Market
Gallon of Palm OilLocal30 Litres14,200.0015,800.0013,800.00-0.03-0.13Price ReductionAgo Ishaga Market
Gallon of Vegetable OilLocal5 Litres2,400.002,500.002,400.000-0.04NeutralDaleko Market
Gallon of Vegetable OilLocal20 Litres11,800.0011,200.0014,700.000.250.31Price IncreaseDaleko Market
Gallon of Vegetable OilLocal30 Litres15,300.0016,800.0016,800.000.10Price IncreaseDaleko Market
Gallon of Vegetable OilKings5 Litres2,700.003,400.003,400.000.260Price IncreaseDaleko Market
Gallon of Vegetable OilWesson5 Litres3,500.004,500.004,500.000.290Price IncreaseDaleko Market
Gallon of Vegetable OilMamador3.8 Litres2,500.003,100.003,100.000.240Price IncreaseDaleko Market
Gallon of Vegetable OilPower3 Litres2,000.002,500.002,500.000.250Price IncreaseDaleko Market
GasRefilling12.5kg5,500.004,500.004,000.00-0.27-0.11Price ReductionAguda Market
GasRefilling5kg2,400.001,800.001,800.00-0.250Price ReductionAguda Market
Juice5 Alive1 litre3004004000.330Price IncreaseOjuwoye Market
JuiceChivita1 litre3004004000.330Price IncreaseOjuwoye Market
MagarineBlue Band450g45045045000NeutralOjuwoye Market
MagarineSimas250g200180180-0.10Price ReductionOjuwoye Market
MilkPeak Powdered (Tin)400g8501,150.001,150.000.350Price IncreaseOjuwoye Market
Milkpeak Powdered(Tin)900g1,500.001,900.001,900.000.270Price IncreaseOjuwoye Market
MilkPeak milk (Refill)500g8009509500.190Price IncreaseOjuwoye Market
MilkDano Powdered (Tin)500g8009009000.130Price IncreaseOjuwoye Market
MilkDano Powdered(Tin)900g1,400.001,650.001,650.000.180Price IncreaseOjuwoye Market
MilkDano (Refill)500g6008008000.330Price IncreaseOjuwoye Market
MilkThreeCrown (Refill)380g7008008000.140Price IncreaseOjuwoye Market
MilkLoya Powdered (Tin)400g7008008000.140Price IncreaseOjuwoye Market
MilkLoya (Refill)400g6507507500.150Price IncreaseOjuwoye Market
MilkCoast (Refill)500g6007007000.170Price IncreaseOjuwoye Market
Packet of PastaGolden Penny500g1902002000.050Price IncreaseOjuwoye Market
Packet of PastaDangote500g1902002000.050Price IncreaseOjuwoye Market
Packet of PastaPower500g1902002000.050Price IncreaseOjuwoye Market
Packet of PastaBonita500g25025025000NeutralOjuwoye Market
Percentage average325,230.00381,320.00385,370.000.180.01
SugarSt’ Loius Sugar(Cube)500g3804004000.050Price IncreaseOjuwoye Market
SugarGolden Penny Sugar (cube)500g2503003000.20Price IncreaseOjuwoye Market
TeaLipton Yellow label52g1802202200.220Price IncreaseOjuwoye Market
TeaTop tea52g1701901900.120Price IncreaseOjuwoye Market
Tuber of YamAbjuja1 Big Size Tuber9007001,000.000.110.43Price ReductionIddo Market
Tuber of YamAbuja1 Small Size Tuber5005007000.40.4Price ReductionIddo Market

 

 

 

 

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