COUNTRYWIDE ANALYSIS
At the end of trading in March, most commodities went up in prices. Fresh cassava gained 7.82% to close at GHS 96.50 per bag with Pona gaining 7.55% to close the month at GHS 667.17. Tomato made a gain of 7.40% to close at GHS 665.17 per crate with Gari also gaining 6.19% to close at GHS 200.86 per bag. Cowpea white closed trading at GHS 371.57 per bag representing an increase of 4.21% with soya gaining 4.16% to close at GHS 261.00 per bag. Maize saw an increase of 3.74% to close the month at GHS 138.86 per bag with local rice making a gain of 1.49% to close at GHS 329.86. Groundnut gained 1.44% to close at GHS 533.71 per bag with wheat gaining 1% to close at GHS 283.60 per bag. Millet and imported rice both gained less than a percentage point.
Out Look for April 2020, with the COVID-19 pandemic and its uncertainties, it is expected that price will show some upward movement if the lockdown continues. However, if the lockdown should end soon, prices will drop because consumers would still have stock available for use and this will force traders to reduce prices.
CROP ANALYSIS
Maize
The average price for a bag of maize gained 3.74% to close the month at GHS 138.86. The highest price of GHS 203.00 was recorded at Takoradi. The lowest price of GHS 95.00 was recorded at Bawku.
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Rice Local
The average price for a bag of local rice gained 1.49% to close the month at GHS 329.86. The highest price, GHS 400, was recorded at Accra and Dambai with the lowest price of GHS 252.00 recorded at Tamale.
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Tomato
A crate of tomato gained 7.40% to close the month at GHS 665.17. The highest price, GHS 840, was recorded at Dambai and the lowest price, GHS 450.00, recorded at Kumasi.
