Report Shows Marginal Increase in Price of Maize

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The latest Agricultural Commodities Report by the AFEX Commodities Exchange has revealed a 0.28 per cent increase in price in markets in north western Nigeria.

The report also showed 13.43 per cent increase in maize price in north eastern markets and 3.80 per cent increase in price in the north central part of the country, compared with what it was the previous week.

It showed that the maximum price in the north west was recorded for white maize in Mandori and Gumel markets, Jigawa state, while and the minimum price in the region was recorded for new maize in Markafi market, Kaduna state.
Also, in the north east, the maximum price was recorded for white maize in Kumo market, Gombe state and the minimum price was recorded for white maize in Garbabi market, Taraba.

“Maximum price in the north central was recorded in Daudu market, Benue state and the minimum price was recorded in Maikatako market, Plateau state,” it stated.

In terms of Soyabean, the maximum price in the north west was recorded in Dawanau market, Kano state, while minimum price was recorded in same market.

It also revealed a 4.09 per cent decline in price in the north-western markets, 5.81 per cent decline in price in the north-eastern markets and 4.51 per cent decline in price in the north central markets, versus week ago.
“Maximum price in the north east was recorded in Billiri, Gombe and Mutumbiyu markets, Taraba state and minimum price in Iware Ado Kola market, Taraba,” it added.

For paddy rice, there was a 6.78 per cent increase in price in the north-western markets, 0.93 per cent decline in price in the north east markets and 4.11 per cent decline in price in the north central markets, versus week ago.