Today i went to Giwa market in Giwa local government
of Kaduna state to purchase food stuff. I was impressed
and proud of Nigerian farmers. They truly had à bumper
harvest. you would find thousand of bags of different
produce from maize, millet, rice, soya beans. The sad
side of thé story is the price of these products are on
thé high side. They keep increasing every week.
A bag of maize goes for 13,000 last month it was
11,000
A bag of maize for pop corn is sold for 15,000
Beans prices range from 19,000 - 23,000 à bag
Soghourm goes for 16,000 Per bag millet goes for
12,800.
Finally i Wonder why the prices of these product keep
increasing even with the large supply of these products
available.
It's seems like the forces of demand and supply dont
work in Nigerian market.
