Commodity price information and analysis for the month of August 2017, across Ghana markets.
Commodities traded mixed at the close of business for the month of August. Five commodities dropped while the remaining seven made gains. Tomato made the highest gain of 19.89% to close at GHS 482.14 per crate. Millet also gained 4.28% to close at GHS 205.57 per bag with local rice gaining 3.68% to close at GHS 289.57. Cowpea (white) closed at an average price of GHS 354.43, making a gain of 2.65% with Gari gaining 1.87% to close at GHS 225.29 per bag. Soya bean and groundnut all made gains less than a percentage point to close at GHS 197.71 and GHS 383.57 per bag respectively. Wheat made a loss of 6.99% to close at GHS 217.33 per bag with pona also losing 4.40% to close at GHS 670.50. Maize lost 4.21% to close at GHS 139.86 per bag with cassava losing 3.41% to close at GHS 80.33.
A bag of maize lost 4.21% to close at GHS 139.86. The highest price of GHS 175 was recorded at both Accra and Takoradi with Techiman recording the lowest price of GHS 96.00.
The average price for a bag of local rice gained 3.68% to close at GHS 289.57. The highest price of GHS 450 per bag was recorded at Accra with Tamale recording the lowest price of GHS 203.00.
The average price of a crate of tomatoes gained 19.89% to close the month at GHS 482.14 from the previous month’s price of GHS 402.14. The highest price of GHS 691.00 was recorded at Accra with Bawku recording the lowest price of GHS 135. Average prices were high because of the imports from the neighboring countries, which factors in cost of transportation. However, the price recorded at the Bawku market was very low because traders are not dealing in the imported tomatoes but rather in local tomatoes from the backyard of farmers.