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September 2017 Commodity Prices – Ghana

By October 2, 2017 No Comments

Commodity price information and analysis for the month of September 2017, across Ghana markets.

Some major commodities dropped in price in the month of September. Tomato lost 41.41% to close at GHS 282.50 per crate, making it the highest loss in the month. Yam (Pona) followed with a loss of 30.20% to close at GHS 468.00 per 100 tubers. Maize lost 9.30% to close at GHS 126.86 per bag with cassava also losing 5.81% to close at GHS 75.67 per bag. Groundnut also lost 5.47% to close at GHS 362.57 with gari and local rice losing less than 2 percentage points to close the month at GHS 222.29 and GHS 284.57 respectively. Millet and soya both made gains above 5%. Milllet gained 5.63% to close at GHS 217.14, while soya beans gained 5.27% to close at GHS 208.14. Cowpea also made a gain of 3.75% to close at GHS 367.71 with wheat closing at GHS 221.50 representing a gain of 1.92%. Imported rice gained less than a percentage point to close at GHS 295.80. Some commodity prices are low because farmers have started harvesting, driving supply up and prices down.

Maize

A bag of maize lost 9.30% to close at GHS 126.86. The highest price of GHS 170 was recorded at  Takoradi and the lowest price of GHS 79.00 was recorded at Techiman.

Rice (local)

The average price of a bag of local rice lost 1.73% to close at GHS 284.57. The highest price of GHS 450 per bag was recorded at Accra with the lowest price of GHS 217.00 recorded at Kumasi.

Tomato

The average price of a crate of tomatoes lost 41.41% to close the month at GHS 282.50. The highest price of GHS 358.00 was recorded at Takoradi, with Dambai recording the lowest price of GHS 180. There is no data for Bawku for wholesale price because currently tomatoes are traded at the retail level on that market.

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