Job offersmore »

Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

Nigeria: Christmas prices of tomatoes & peppers drop by 45% in Lagos

Just before the Christmas festivities, the prices of tomatoes, pepper and onions in Lagos have been cut by about 45 percent. The drop in prices is due to a bumper harvest. 

A basket of tomatoes, which previously sold for 15,000 naira (35 euros) 
now goes for 8,000 naira (19 euros). Red peppers now go for 8,000 naira, where a basket previously went for 14,000 naira. A basket of chilli pepper dropped from 18,000 to 10,000 naira. A bag of onions, previously 30,000 naira, now goes for 20,000 naira.

Premium Times ng learned that currently the supply of produce is more than the demand as the harvest has just begun. There is expected to be a surplus in the market until April, when the harvest season ends. 

Poignant in all this is the amount of post-harvest wastage; about 200,000 out of 800,000 metric tonnes of tomatoes annually gets wasted due to post-harvest losses. The Nigerian government is being pressured to increase investment in tomato processing plants to end this waste, create jobs and increase the contribution to Gross Domestic Product.

[ 100 Nigerian Naira = 0.24 Euro ]

Publication date: 12/15/2017



Other news in this sector:

7/19/2018 China and Germany launch exchange program for young professionals
7/19/2018 Ecuador works on trade deal with Eurasian Economic Commission
7/19/2018 US: Local growers bring competitive edge to tomatoes
7/19/2018 Spain is unable to fill northern Europe's production gap
7/19/2018 EU agri-food trade surplus at record levels
7/19/2018 US: Food prices less volatile than transportation prices
7/19/2018 Tomato export certification manual for Azerbaijan
7/18/2018 EU and Japan sign trade deal
7/18/2018 Australia: Berry export focus blooms out of industry's sweet success
7/18/2018 UK imports salad from US, Spain and Poland as heatwave hits crops
7/18/2018 Romania has lowest food prices in EU
7/18/2018 “Pound is at the mercy of British political chaos”
7/18/2018 New Zealand: Seasonal vegetable prices nudge food prices up
7/17/2018 Jordanians urged to continue tomato boycott
7/17/2018 Italy: Courgette and cucumber prices are low
7/17/2018 "UK must abandon its independent trade policy in food"
7/17/2018 European Commission communicates new CAP proposals on the ground
7/16/2018 Hot weather welcomes start of northern US eggplant season
7/16/2018 Vietnam calls for investors in 6 hi-tech agriculture projects
7/16/2018 US (MI): Asparagus season winds down after short but productive season