GARRI PRICE DOUBLES AS CASSAVA OUTPUT SHRINKS
Written by Olakunle Oke on March 7, 2024
The price of garri, a popular staple food in Nigeria has surged by 108 percent in three months, hitting a record high as cassava production shrinks.
Survey across major markets shows that the average price of a 50kg bag of yellow garri surged by 108 percent from an average of N18,000 in December 2023 to N37,500 in March 2024.
A 4-litre paint container measure of yellow garri now sells for an average of N2,500 as against N1,200 sold in December 2023, while a 50kg bag of white garri sells at N35,000 as against N17,000 sold in December 2023, indicating a 105 percent increase in price.
Nigeria is the largest producer and consumer of cassava in the world and churns out 60.8 million metric tonnes of cassava in 2022, according to data from the Food and Agricultural Organisation (FAO).
Source: Jordan105.5fm News Bulletin
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