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Third week running for food inflation in Ghana

Tomato prices have again seen the highest increase in food inflation in the third successive week from the 15th of February to the first week of March, according to farmer information resource, Esoko.

Tomato farmers and traders have also voiced fears of an imminent drastic increase in the prices of tomatoes due to the relative scarcity of the commodity in the country between June and October each year. According to traders, they resort to importing tomatoes from the Ivory Coast during this period, causing an increase in prices.

Esoko's report for the first week in March show that the price of tomato recorded the highest gain of seven percent. The commodity ended the week at 7 cedis 70 pesewas per medium size tin.

Cassava and groundnut followed closely with a 6 percent increase in their prices. Yam recorded the third highest gain of 3 percent to close the week at 4 cedis 90 pesewas per medium size tuber.

On the various markets, Esoko Ghana observed that Kumasi recorded the highest gain in price of 28 percent for a medium size tin full of fresh tomatoes.

In Tamale, the commodity gained 12 percent to close the week at 6 cedis 80 pesewas. Meanwhile Techiman and Takoradi recorded gains of 11 and 2 percent to close the week at 10 cedis and 10 cedis 20 pesewas respectively.

(1 Ghanaian Cedi = 0.252 USD)

Source: pulse.com.gh
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