A basket of tomatoes is now N40,000, up from N23,000 at the beginning of the year, while a crate has skyrocketed from N7,000 to N24,000, and even smaller quantities, such as a paint bucket size, have seen sharp increases from N1,000 to N4,500.
With the removal of fuel subsidies, transporters have passed their increased fuel expenses onto the cost of transporting these perishable goods.
Heavy rains have also damaged a significant portion of the tomato harvest, leading to limited supply in the market. A combination of all these factors has resulted in surging prices.
END
Be the first to comment