- A bumper harvest and low prices of farm produce have made available a huge supply of maize, rice and beans during yuletide celebrations in Katsina state
- House repairs and marriage ceremonies have also triggered the huge supply of farm produce to many markets in the state
- Malam Umar Aminu, a farmer in Kankara LGA, said harvest period is the only period every peasant farmer achieved a lot of things
Malam Umar Aminu, a farmer in Kankara local government area, Katsina, declared that harvest period in the state has become the only period every peasant farmer get involved in settling his debts, marry off his daughters.
Daily Trust reports that Aminu there is a huge supply and low prices of farm produce in many markets with the massive cultivation of maize, rice and beans.
According to Aminu, besides houses being repaired, it is the age-long tradition of the people to marry off their children immediately after the harvest period.
Umar Aminu said: “Harvest period is the only period every peasant farmer is targeting to settle his debts, marry off his daughters and, this year to rebuild our damaged houses.
''That is why the huge supply and low prices of farm produce in our markets especially with the massive cultivation of maize, rice and beans this year.”
Kafur, Bakori, Funtua, and Sheme markets where discovered that the influx of farm produce has significantly affected their prices, while high demand for local rice has jacked up its price from N24,000 to N27,000 per 100kg.
Reports have claimed that a big basket of tomato has risen to N6,000 from N4,000 while the price of 100kg bag of maize has dropped to N7,500 from N8,000; the same with price of sorghum.
Similarly, the price of beans has dropped to between N17,500 and N18,500 depending on its quality, as against N20,000 it was sold three weeks ago.
Ibrahim Adamu, a grains dealer at Funtua market, said dealers were taking advantage of the period to hoard sorghum and beans.
He said: “Because of its high demand, beans has a promising prospect in the next few months that is why some of us are taking advantage of this period to stockpile it. Sorghum too has a bright future because of its industrial demand and it was not produced much compared to the last two years.”
Adamu added that it was the forces of demand and supply that made the price of maize to fluctuate from N8,000 to N7,500 as it was massively produced by the farmers.
Meanwhile, Legit.ng had reported that the governor of the Central Bank of Nigeria, Godwin Emefiele, debunked news that Nigeria’s rice import has increased by 400,000 tonnes.
The CBN governor had in a report, said he read that a United States agency reported that Nigeria’s rice imports had increased by 400,000 tonnes in 2018.
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