Mixed reports on commodity prices

Mixed reports on commodity prices

GENERALLY, a mixed result is seen in price changes over the last one-three months.

Specifically, all types of maize have registered a downward turn of prices for the past one to three months in the range of 10-18 per cent.


Also, soybean prices have decreased 4.3 per cent between August 13 and September 10.

The main harvesting season in northern sector of Ghana, which started in August, may have had some influences in the direction of prices.

On the other hand, millet, sorghum and all types of rice have recorded upward price movements over the same period.

Similarly, compared to three months ago, sorghum, all types of rice, and soybean have experienced upward price movements.

For instance, the price of all types of rice increased between 13 per cent and 15 per cent, while the prices of soybean increased by 17.3 per cent.

Policy responses

The government continues to implement mitigation measures such as fertiliser subsidies and benefiting from supports from development partners such as Yara International, which committed $20 million towards procuring 20,000 metric tonnes of NPK fertiliser to reach 100,000 smallholder farmers.

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