Harvest crashes prices foodstuffs kano
It seems like you're referring to the recent news about the crash in prices of foodstuffs in Kano, Nigeria, following the harvest season.
For those who may not be aware, the harvest season in Kano typically sees a surge in the supply of foodstuffs, leading to a decrease in prices. This year, however, the prices of foodstuffs have crashed even more significantly than usual, making it a great time for consumers to stock up on their favorite staples.
Some of the foodstuffs that have seen significant price drops include:
- Rice: Prices have fallen by as much as 30% compared to the same period last year.
- Maize: The price of maize has dropped by around 25%.
- Beans: Prices have fallen by around 20%.
- Sorghum: The price of sorghum has decreased by around 15%.
The crash in prices is attributed to several factors, including:
- Increased supply: The recent harvest season has seen a bumper crop, leading to an oversupply of foodstuffs in the market.
- Improved transportation: The construction of new roads and the improvement of existing ones have made it easier and cheaper to transport foodstuffs from rural areas to urban centers.
- Increased competition: The entry of new players in the market has increased competition, leading to lower prices.
- Government intervention: The government has taken steps to ensure that foodstuffs are available at affordable prices, including the establishment of a food security committee to monitor prices and ensure that they remain stable.
Overall, the crash in prices of foodstuffs in Kano is a welcome development for consumers, who can now enjoy their favorite staples at more affordable prices.