• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Expect 75% Decrease In Price For Tomatoes In December – Experts

Editor by Editor
July 19, 2015
in Politics
Expect 75% Decrease In Price For  Tomatoes In December – Experts
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

Nigeria’s unemployment

ECOWAS MP flags West Africa’s youth unemployment as among world’s highest at 24.95%

June 20, 2025
Telegram CEO Durov to divide his $17 billion fortune among 106 children 

Telegram CEO Durov to divide his $17 billion fortune among 106 children 

June 20, 2025
  • Barring any unforeseen circumstances, the prices of tomatoes which currently hover around N30, 000 is expected to fall by about 75percent to N7, 000 per 50kg basket by early December, according to experts in the industry.
  • According to these industry watchers, the drop in prices will however start by aAugust ending till it falls to about N7, 000 per 50kg basket in first week of December. But this prediction of an end to the scarcity is based more on weather forecast rather than deployment of appropriate technologies.
  • For instance, Southwest farmers expect that in August, there would be many sunshine days after the heavy rains of June and July, so tomatoes in the field would start ripening and would be available abundantly at the end of August. 
  • Abiodun Oyelekan, head, Lagos Fadama apex body said, “Tomatoes grown in the Southwest will be available for sale in the market by August ending and this will start reducing the prices significantly.”
  • To reach the expected lowest price of N7, 000 this year, Usman Baba, a leading commodities dealer in Mile 12 market, Lagos explained, “The current tomato scarcity will end by November/December this year when tomatoes grown in the north will be in abundant supply. But the prices will not return to N5,000 which was the price it was sold early this year. The 50kg basket will most likely be sold for N7,000 by early December.”
  • Every year within the last 10 years due to climate change, the prices of tomatoes go up astronomically around May to August. In 2014, prices of tomatoes rose from lowest N3, 000 to highest N17, 000. But this year, prices of tomatoes rose by 90percent, from lowest N3,000/N5,000 to highest of N30,000 and more between May and now. This is the most astronomical in recent years and it is mainly due to delay in rainfall, and the fuel scarcity which was prevalent at that period and poor road infrastructure.
  • However, some industry watchers have noted that the CBN’s recent policy withholding foreign exchange for importation of 41 items including tomato pastes could impact on this yearly and expected fall in prices.
  • Source: Business Day
Editor

Editor

Related Posts

Nigeria’s unemployment
Business News

ECOWAS MP flags West Africa’s youth unemployment as among world’s highest at 24.95%

June 20, 2025
Telegram CEO Durov to divide his $17 billion fortune among 106 children 
Billionaire Watch

Telegram CEO Durov to divide his $17 billion fortune among 106 children 

June 20, 2025
The new standards NBS captures for Employed and Unemployed Nigerians
Business News

Nigeria ranks among top 10 globally for helping strangers, but lags in institutional trust 

June 20, 2025
Octa broker’s global survey: traders and security 
Companies

Octa broker’s global survey: traders and security 

June 20, 2025
Why analysts are recommending these FUGAZ Stocks as a buy this week
Equities

FUGAZ share price surge despite CBN Forbearance issues 

June 20, 2025
Mastercard backs Africa’s $1.5 trillion digital future 
Companies

Mastercard backs Africa’s $1.5 trillion digital future 

June 20, 2025
Next Post
Why You Should Stay Out of The Stock Market

Why You Should Stay Out of The Stock Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • ECOWAS MP flags West Africa’s youth unemployment as among world’s highest at 24.95%
  • Telegram CEO Durov to divide his $17 billion fortune among 106 children 
  • Nigeria ranks among top 10 globally for helping strangers, but lags in institutional trust 

Follow us on social media:

Recent News

Nigeria’s unemployment

ECOWAS MP flags West Africa’s youth unemployment as among world’s highest at 24.95%

June 20, 2025
Telegram CEO Durov to divide his $17 billion fortune among 106 children 

Telegram CEO Durov to divide his $17 billion fortune among 106 children 

June 20, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics