COUNTRYWIDE ANALYSIS
Most commodities dropped in prices in the month of November. The price of a bag of cowpea dipped by 7.12 percent to close the month at GHS 354.29 per bag with cassava also losing 2.76 percent to close at GHS 70.50 per bag. Maize lost 2.28 percent to close the month at GHS GHS 128.71 per bag with groundnut shell losing 1.73 percent to close at GHS 494.57 per bag. Wheat grain lost 1.13 percent to close at GHS 298.00 per bag. Local rice, millet and gari lost less than a percentage point to close the month.
Some commodities however also experienced some price hikes. There was a hike of 9.95 percent in the price of pona, the commodity closed at GHS 556.00 per 100 tubers. Tomato gained 9.73 percent to close the month at GHS 499.93 per crate with imported rice also making a gain of 1.58 percent to close at GHS 359.60 per bag. Soya gained less than a percentage point to close at GHS 241.43.
Out Look for December, all things being equal, it is expected average price of commodities would inch up due to the festivities.
CROP ANALYSIS
Maize
The average price for a bag of maize dropped 2.28 percent to close the month at GHS 128.71. The highest price of GHS 180.00 was recorded at Accra with the lowest price of GHS 87.00 at Techiman.
Rice Local
The average price for a bag of local rice dropped 0.65 percent to close the month at GHS 328.14. The highest price GHS 440 was recorded at Dambai with the lowest price of GHS 240.00 recorded at Tamale.
Tomato
A crate of tomato gained 9.73 percent to close the month at GHS 499.83. The highest price GHS 763.00 was recorded at Accra and the lowest price of GHS 269.00 recorded at Tamale.
