Food prices to crash soon – Farmers

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Farmers and other stakeholders in the agricultural sector have projected that the high cost of food in most parts of the country will begin to drop in few months time.

Farmers under the aegis of the All Farmers Association of Nigeria, as well as those of the Nigeria Cassava Growers Association of Nigeria, said that going by the harvesting of various crops, the cost of some food items would soon fall.

They said the current high cost of agro-produce was because the volume of farm commodities stored in warehouses were dwindling, among other reasons.

The National Bureau of Statistics confirmed the high cost of food in its recent Selected Food Prices Watch report but farmers and other operators in the industry expressed optimism that the cost of the food would drop in about two months time.

The National President the farmers body, Kabir Ibrahim, believes  food prices would crash, stressing that some locations across the country had started witnessing the drop in food prices.

He said the price of rice is still high because farmers are harvesting now and have a lot of paddy but the price is gradually coming down, especially in places far away from major city centres.”




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