Rice, Maize Prices Still High In Kano
Residents express frustration over the lack of impact from reported commodity price reductions, noting minimal changes except in certain items like noodles. Investigations reveal a drop in food prices, but overall prices remain high. Some attribute the discrepancy to deliberate initial price hikes, while merchants cite increased transportation costs as a barrier to passing on savings. Despite assurances of eventual price drops, community members await tangible relief from elevated costs.
Residents who spoke with our correspondent said they are yet to feel the impact as prices of commodities within their communities have not changed.
“When we heard the news, we were elated but unfortunately, almost ten days now, we haven’t witnessed the said reduction except in the prices of few items such as noodles. “We did our peripheral investigations and discovered that the prices of food commodities have dropped. However, we don’t know where the problem lies as we are still paying high for commodities that were said to have recorded a drop in prices,” he said.
Another resident, Isah Musa, stated that what is currently happening is clear evidence that the initial hike in commodity price was deliberate, adding that the ongoing situation has forced people to adopt a measure alien to them
However, one of the food merchants in Hotoro community, Malam Manu Bello, revealed that the reason behind the hike in price despite the drop aligns with the hike in transportation fare, adding that the drop is negligible and compared with the transportation fare, it would be very difficult to reflect in the prices sold within communities.
“Indeed, there is drop in the prices of some food commodities but the drop is very negligible to the extent that it will not reflect on the current selling price. This is because dealers of these commodities have to pay extra transport fare to bring it home for people to buy, coupled with other logistics. People should be patient. Sooner or later, the prices will drop,” he said.
Source Link: https://dailytrust.com/rice-maize-prices-still-high-in-kano/
