Recession: Food Prices Jumps At Mile 12 Market, See How Much Tomato Now Cost

Following the recent fluctuations in the Naira as against the dollar, Lagosians and traders at the popular Mile 12 market, Kosofe, Lagos, have continued to groan on its impact on trading. Few weeks ago, InsideMainland reported the drop in price of staple foods – one of which is the cost of tomatoes – in the market.

Few weeks after, a visit to the popular market shows trading is going on slowly even when the Sallah festive period is fast approaching. Presently, residents can now purchase a big basket of tomatoes sold for N16,000 last month at the rate of N21,000 and N19,000 depending on negotiating power. Also, medium sized baskets of tomatoes now goes for N9,000 while the small baskets are sold for N5,000.

A big tuber of yam in the Mile 12 market is sold for N400 while some medium sized ones are sold for N250 and N300. Also, a handful of potatoes numbering about 7 or 8 depending on the sizes goes for N200 and N300 while the big sized portion divided in 6 pieces per portion goes for N400 and N500. The paint size of potatoes now sells for N1000 at Mile 12 Market.

Commenting on the increase in price of the commodities, a trader named Mallam Samad told InsideMainland that the “cost of transporting goods from different parts of the country to the market has increased. Those who traveled to the North said they would not be sending any goods until after they return from festive period because they don’t plan to spend too much money on traveling back.”

Another essential food commodity that has increased in price is the ‘De Rica’ of rice. Last month, a ‘De Rica’ of rice sold for N170 at Mile 12 market but now goes for N250. The paint size goes for N1,100 and N1200 at different in the Market. Also, a cup of beans sells for N300 with the paint size selling for N1,300.

For Lagosians who love Semo and Poundo Yam, the 1kg size of Semovita sells for N270 while Semolina goes N300. The Poundo yam of same size sells N300 and N350 depending on the negotiating power of the buyer. Also, four small sized onions now goes for N200 while a portion of the medium sized ones numbering about 6 or 8 sells for N350 and N400.



Idris Aina

Idris is a media and communications professional with keen attention to details. An entertainment enthusiast, he is an ardent fan of the team from the Red Side of Manchester with love for football banters. He tweets with the handle @arlomah.

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