Reports reveal that the prices of food items have dropped by 50% in the state.
A bag of maize which few months ago was going for N18,000 now sells for N9,000 while local rice that used to cost N35,000 is now being sold at N20,000, a grain seller at Muda Lawal Market, Bauchi, Malam Adamu Kafin Maigari said.
He also said that a bag of Beans is now sold at N16,000 from its previous price of N25,000, while a bag of millet and white rice popularly called Shinkafar Tuwo, now cost N9,000 and N20,000 respectively from their previous prices of N15,000 and N37,000.
He attributed the crash in prices to the bumper harvest recorded in the country following the massive engagement in farming by many people.
Kafin Maigari, however, expressed concern with the high cost of foreign rice which is still sold at N18,500 per bag.
While commenting on the development, the chairman, Traders and Artisans Association, Muda Lawal Market Bauchi, Alhaji Bala Mai Kaji, thanked Allah for bringing down prices of food items due to bumper harvest in this year’s farming season.
Mai Kaji called on traders, particularly grain sellers in the state, to desist from hoarding.