Price of Yam Increases by 100% As FG Begins Exportation - DailyTrust
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The prices of yam in Benue State have increases by 100 per cent since the Federal Government began exportation of the commodity to the United Kingdom within the past three weeks.
Farmers and traders in yam communities in the state are delighted at the development as most of them now confidently smile to their banks but consumers are worried over the high cost of the produce as survival becomes more difficult for those who consume the product.
DailyTrust Newspaper made the following findings at the Zaki Biam Yam Market, Benue state
The prices of yam had doubled over the past three weeks as demand on the produce keep increasing on daily basis occasioned by the commencement of export.
A trader said: “since the moment of exportation, the prices of yam went up by 100 percent. As it is now, the development would affect local consumption because the demand for yam has tremendously increased. For instance, a tuber of yam which sold for N200 last month now goes for N400 while 100 tubers which sold for N20, 000 before now cost at least N40, 000.”
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- Unknown: Sunday, 16 July 2017 at July 16, 2017
- Label(s): news
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