COUNTRYWIDE ANALYSIS
Post lockdown, commodity prices continue to experience an upward adjustment.
There was a hike of 28.84% in the price of cassava to close the month at GHS 124.33 per bag with tomato also making a gain of 24.18% per crate to close at GHS 826. Pona gained 22.11% to close at GHS 814.67 per 100 tubers. The average price of a bag of maize gained 18.11% to close at GHS 164 with cowpea also making a gain of 15.26% to close at GHS 428.29 per bag. Gari closed at GHS 228.29 representing an increase of 13.66% in price with millet closing at GHS 247.57 representing an increase of 7.64%. Local rice (white) gained 4.98% to close at GHS 346.29 with soya also gaining 4.11% to close at GHS 271.71 per bag. Wheat increased by 4.51% to close at GHS 296.40 per bag with groundnut shelled gaining 3% to close at GHS 549.71 per bag.
Out Look for May 2020: consumers and traders are still not certain about the way forward in the COVID-19 fight. With the modification of how markets are set up in some areas coupled with the fact that we are in the production period, it is expected that commodity prices will continue to show some upward movements.
CROP ANALYSIS
Maize
The average price for a bag of maize gained 18.11% to close the month at GHS 164. The highest price of GHS 218 was recorded at Takoradi. The lowest price of GHS 93 was recorded at Tamale.
Rice Local
The average price for a bag of local rice gained 4.98% to close the month at GHS 346.29. The highest price, GHS 440, was recorded at Dambai with the lowest price of GHS 260, recorded at Tamale.
Tomato
A crate of tomato gained 24.18% to close the month at GHS 826. The highest price, GHS 1233, was recorded at Dambai with the lowest price, GHS 621, recorded at Kumasi.
