HomeNeptune Prime market surveyConsumers, traders react...

Consumers, traders react as food prices change during Ramadan period

Consumers, traders react as food prices change during Ramadan period

Story by Kabiru Ahmad IBRAHIM (Student at Ahmadu Bello University, Zaria)

Students of the Kongo Campus of Ahmadu Bello University, Zaria, who majorly patronise the small Tudun Wada Market located close to the campus walls for their daily shopping needs have expressed concerns about fluctuating prices of essential food items.

The market, popularly referred to by students as “Kasuwar Ghetto,” serves as a convenient alternative due to the absence of a major commercial market within close proximity to the campus.

Although prices in Tudun Wada Market are reportedly slightly higher compared to larger markets in Zaria, students often consider the cost and inconvenience of transportation to distant markets and therefore prefer to shop locally.

READ ALSO: Grain prices drop in Ngelzarma market, bringing relief to traders, consumers

During a market survey, a trader Malam Abbas, who sells general goods, confirmed that prices of goods have generally declined compared to previous months.

He also described his relationship with student customers as cordial and mutually beneficial, highlighting the importance of students as a major customer base for traders in the area.

Vegetable vendors also reported a significant reduction in prices compared to the sharp increases recorded months earlier.

Consumers, traders react as food prices change during Ramadan period

According to them, vegetables are currently affordable, reflecting a temporary easing of food price pressures.

However, when asked about the prospects of food price inflation in the coming months, particularly during the Ramadan period, a season traditionally associated with increased demand and price hikes in Nigeria, traders expressed mixed expectations.

While some remained optimistic that prices would remain stable, others predicted a possible rise in food and commodity prices due to seasonal demand pressures.

In major markets across Nigeria, a bag of beans that was N50,000 has gone up to N90,000.

READ ALSO: Food prices surge at Potiskum grains market

Maize that sold between N25,000 and N27,000 is now significantly higher. Local rice jumbo packs approaching 100kg are now selling close to N100,000, reflecting heightened demand as Ramadan begins.

A local measure of beans that previously sold for N700 now costs N1,400. While a 100 kg bag of White Beans sold a few days ago at N65,000 has gone up to N110,000.

A 100 kg of Paddy Rice sold at the rate of N18,000 has gone up to N28,000 to N30,000.

Consumers, traders react as food prices change during Ramadan period

Similarly 100 kg bag of maize sold at the rate of N15,000 to N18,000 is now sold at the rate of N23,000 to N24,000.

Follow the Neptune Prime channel on WhatsApp:

Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com

Get notified whenever we post something new!

spot_img

Continue reading

Gideon Gwaza Orka, the 1990 coup attempt and the execution of forty-one other military officers

Gideon Gwaza Orka, the 1990 coup attempt and the execution of forty-one other military officers Gideon Gwaza Orkar was born on 4 October 1952 and became one of the most controversial figures in Nigeria’s military history. He is remembered for leading...

UK Court jails Nigerian man for train sexual assaults, bars him from sitting near lone women

UK Court jails Nigerian man for train sexual assaults, bars him from sitting near lone women A UK court has sentenced a Nigerian national, Esosa Eguakin, to two years in prison for sexually assaulting two women on separate train journeys...

Tinubu officially decorates Disu as Nigeria’s 23rd police chief

Tinubu officially decorates Disu as Nigeria’s 23rd police chief President Bola Ahmed Tinubu on Wednesday formally decorated the newly appointed Acting Inspector-General of Police, Tunji Disu, with his new rank at the Presidential Villa in Abuja. The decoration ceremony, which formed...