By Francis Akinnodi

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The price of yam tubers rose significantly across markets in Ondo State, recording a 50 percent above price increase within two weeks.

Also, the price of Poundo Yam recorded an increase in the period under review.

According to The Hope survey, a big-size yam tuber initially sold for an average of N1,400 two weeks ago has galloped to an average of N2,400.

In the same vein, a medium-sized yam tuber rose from an initial average of N875 to sell at N1,300.

The increase in the price of food items was attributed to the decline in farm labour due to a high level of insecurity, and seasonal fluctuations, continuous spike in the cost of transportation as a result of bad road network and surge in fuel prices.

The traders also highlighted unnecessary payments to touts and union members as contributing factors to the hike.

On the reverse side, the price of a medium-sized bag of pepper dropped to sell for an average of N19,625 compared to N23,625 recorded two weeks ago.

Likewise, a 350g refill of Dano milk now sells for an average of N1,400 from an initial average price of N1,700, thereby representing a 17.65% decline in price.

The report contains information on items that witnessed price increases, price decreases, as well as information on special markets, and insights.

A 50kg bag of Royal Stallion rice currently sells for an average of N29,000, rising by 6.42% from an initial average of N27,250 recorded two weeks ago.

The price of a crate of eggs witnessed a 9.8% increase to sell for an average of N2,100 compared to a previous average of N1,900.

Similarly, a small basket of round shaped tomatoes increased to sell for an average of N17,625 against N15,625 recorded as of 6th May 2022, while a big bag of new onions recorded a 10.70% increase to sell for an average of N25,875.

In addition, a 0.9kg of Poundo Yam flour now sells for an average price of N2,875, indicating a significant increase of 23.66% when compared to the average price of N2,325 recorded two weeks ago.

Despite the increase in the price of notable food items, some food commodities recorded a moderation in price in the period under review.

The price of a 10kg pack of Honeywell wheat meal reduced to sell for an average of N4,875 as against N5,400, indicating while an 80kg bag of white beans recorded a decline to sell for an average of N55,825 compared to the initial average of N61,200.