COUNTRYWIDE ANALYSIS
At the end of trading in the month of January, certain commodity prices made gains. Tomato prices soared up by 26.77 percent to close at GHS 507.50 per crate with cassava gaining 14.77 percent to close at GHS 84.17 per bag. Gari gained 7.75 percent to close at GHS 186.71 per bag with maize also gaining 3.72 percent to close at GHS 131.29 per bag. Groundnut also made a gain of 2.21 percent to close at GHS 502.57 with soya gaining 0.77 percent to close at GHS 243.14 per bag. The price of millet inched up 0.65 percent to close at GHS 222.43 per bag with cowpea also closing at GHS 353.14 per bag representing a gain of 0.45 percent.
Some commodities also dropped in prices to close the month. Wheat lost 1.95 percent to close at GHS 281.20 percent per bag with local rice also losing 1.07 percent to close at GHS 316.71. Imported rice also lost 0.81 percent to close at GHS 365.80 per bag with pona also losing marginally by 0.13 percent to close at GHS 617.17.
Out Look for February 2020, all things being equal, it is expected some commodities will reduce while others gain in prices.
CROP ANALYSIS
Maize
The average price for a bag of maize gained 3.72 percent to close the month at GHS 131.29. The highest price of GHS 180.00 was recorded at Accra and Takoradi. The lowest price of GHS 96.00 was recorded at Tamale.
Rice Local
The average price for a bag of local rice dropped 1.07 percent to close the month at GHS 316.71. The highest price of GHS 400 was recorded at Dambai with the lowest price of GHS 229.00 recorded at Tamale.
Tomato
A crate of tomato gained 26.77 percent to close the month at GHS 507. The highest price GHS 827 was recorded at Accra and the lowest price of GHS 363.00 recorded at Tamale.
