Skip to main content

Commodity prices see mix results

Commodity prices traded mixed for the month of May. Some commodities lost marginally to close the month, while others made gains of over 12%. Cowpea (white) and local rice both lost less than 0.5 percent to close the month at GHS 426.29 and GHS 344.86 respectively. The price of a crate of tomato gained 12.97 percent to close at GHS 933.17 with cassava also gaining 12.47 percent to close at GHS 139.83 per bag.

Groundnut shelled made a gain of 2.91 percent to close at GHS 565.71 per bag with gari also making a gain of 2.88 percent to close at GHS 234.86. Pona closed the month at GHS 837.00 making a gain of 2.74 percent. Soya closed at GHS 276.00 per bag representing a gain of 1.58 percent with maize also gaining 1.39 percent to close at GHS 166.29 per bag. Wheat made a gain of 1.08 percent to close the month at GHS 299.60 per bag.

Out Look for June 2020, all things being equal it is expected that commodity prices will continue to trade mix with some more commodities recording lower prices.

CROP ANALYSIS

Maize

The average price for a bag of maize gained 1.39 percent to close the month at GHS 166.29, with the highest price of GHS236.00 recorded at Takoradi. The lowest price GHS 99.00, was recorded at Tamale.

Rice Local

The average price for a bag of local rice lost 0.41 percent to close the month at GHS 344.86, with the highest price GHS 440 recorded at Dambai. The lowest price of GHS 246.00 recorded at Tamale.

Tomato

A crate of tomato gained 12.97 percent to close the month at GHS 933.17. The highest price, GHS 1600 was recorded at Dambai and the lowest price of GHS 420.00 recorded at Tamale.                                                                                                                                                                                                                               

Comments

Post a Comment

Popular posts from this blog

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more

Mfantsiman Girls to Host 65th Speech & Prize-Giving Day

  Mfantsiman Girls Senior High School is set to host the 65th Speech and Prize-giving Day and Homecoming from 14th to 16th March at Saltpond in the Central region. This year’s Speech and Prize-giving day is being hosted by the 2000-year group, and over 5000 old girls and students of Mfantsiman Girls are expected to attend the programme. Under the theme, ‘Leveraging New Media Technology to Optimize Girl Child Education,’ the event will emphasize the importance of harnessing technology to address the unique challenges faced by girls in accessing quality education, particularly in marginalized communities. By leveraging new media technology, we can create inclusive, interactive, and engaging learning environments that empower girls to reach their full potential. The theme will also serve as a call to action, encouraging students, educators, and stakeholders to explore innovative ways to integrate technology into girl child education, ultimately driving positive change and promoting a...
Post a Comment
Read more

E&P takes over Black Volta and Sankofa Gold projects after years of delay

 Indigenous mining firm Engineers & Planners (E&P) has acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, taking full control of the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region. The transaction, registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly two decades of under-investment, legal disputes, and capital shortfalls that kept the concessions dormant. With global gold prices trading above $3,000 per ounce, the move comes at a time when Ghana is seeking fresh mining revenue to support its IMF-backed fiscal consolidation programme. E&P announced that it has secured funding to begin mine development and has committed to repaying verified debts associated with the projects. Ghana travel guide The company outlined a structured plan that includes: Working with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as project investments. Repaying genuine d...
Post a Comment
Read more