SEE THE MOST EXPENSIVE COMMODITY IN NIGERIA MARKET

The year 2017 is not a very good year for consumers as price of commodities triggered up about 200%, this is as a result of the present recession that hits the Nigeria Economy, however as consumers lamentes   over high price of commodities in the market, cassava farmers are smiling as their product is yelling reasonable profit of not less than 10 times of the old price as at last year(2016 ). For instance cassava fleak (garri) is currently toping the chart of commodities price in Nigeria markets.

Our reporter who conducted a market survey in some basic markets in Benue state, reported that the price rocketed from 1,500 NGN to 11,000 NGN for a 40kg and a painta is about 1,500 to 2000 NGN against 500 NGN in 2016 while a cup is within the range of 60 to 70 NGN. Some of the markets visited includes Wurukum market in Makurdi the state Capital,Otukpo main maket,onyangede in ohinmini LGA,Eke market in okpokwu LGA,Rijo in Ado and Inkiri in Ado LGA.

According to the analysis by our Reporter if trader had invested or stored garri last year such trader will be making not less than 10,000 NGN from each 40kg stored which even Gold merchants  can't profit  in a single transaction.