Commodity prices continued a downward trend in December. Prices dropped by an overall average of a percentage point in the month. There was a sharp drop of 19.91 percent in the price of tomato to close at GHS 400.33 per crate with wheat also dropping 3.76 percent to close at GHS 286.80 per bag. Local rice dropped 2.44 percent to close at GHS 320.14 with maize also dropping 1.66 percent to close at GHS 126.57 per bag. Millet lost 1.53 percent to close at GHS 221.00 per bag. Cowpea lost less than a percentage point (0.77%) to close at GHS 352.57 with groundnut losing 0.58 percent to close at 491.71.
Pona however, experienced a hike of 11.15 percent to close at GHS 618.00 per 100 tubers. Cassava gained 4.02 percent to close at 73.33 per bag with imported Rice also making a gain of 2.56 percent to close at GHS 368.80. Gari made a gain of 0.92 percent to close at GHS 173.29
Out Look for January 2020: all things being equal, prices are expected to be fairly stable for most commodities.
The average price for a bag of maize dropped 1.66 percent to close the month at GHS 126.57. The highest price of GHS 180.00 was recorded at Accra with the lowest price of GHS 85.00 at Techiman.
The average price for a bag of local rice dropped 2.44 percent to close the month at GHS 320.14. The highest price of GHS 440 was recorded at Dambai with the lowest price of GHS 232.00 recorded at Tamale.
A crate of tomato dropped 19.91 percent to close the month at GHS 400.33. The highest price GHS 569 was recorded at Takoradi and the lowest price GHS 245.00 was recorded at Techiman.