
Food prices are falling across Taraba, Benue, Imo, Yobe, Borno, Abia, Adamawa and other states, offering relief to consumers after months of rising costs. Market surveys show notable declines in staples such as maize, rice, beans, yam and cassava products.
In the North-East, prices of grains have dropped sharply as more farmers bring produce to markets. In Adamawa and Borno, a 100kg bag of maize now sells between ₦40,000 and ₦45,000, down from over ₦60,000 last year. Local rice has also fallen by over ₦15,000 per bag in some markets.
Taraba has recorded some of the biggest drops, with maize and soybeans falling by nearly 50%. Prices of garri, beans and cassava flour are also significantly lower.
States in the Middle Belt and South-East, including Benue, Abia and Imo, are reporting similar trends. In Makurdi, the price of a mudu of beans has fallen from ₦2,300 to about ₦1,500, while rice prices have also eased.
Economists say the decline is driven by improved supply, better security and harvest inflows. However, they warn that without support for farmers who are struggling with high input costs the price relief may be temporary. Visit www.jocomms.com for more news.