A recent decline in the price of beans has brought relief to Lagos traders and consumers. The price drop is attributed to the fresh harvest of beans in the northern region.
Key Points:
1. Price Drop: A 100kg bag of beans now sells for around ₦100,000, down from ₦120,000 to ₦140,000.
2. Reason for Drop: Traders attribute the decline to the recent harvest of beans in the northern region.
3. Variety Prices: Honey beans (oloyin) sell for ₦8,000 to ₦9,000 per paint bucket, down from ₦12,000.
4. Consumer Reactions: Consumers express joy and relief at the price drop, hoping prices won’t surge during the yuletide season.
Trader Quotes:
1. “We’ve witnessed a slight drop in the price of beans for about two weeks now.” – Yakubu Ahmed, foodstuff trader.
2. “The price reduction is uncertain, but we’re grateful.” – John Nwabueze, foodstuff trader.
Consumer Reactions:
1. “I’m glad the price is dropping.” – Cornelia Edet, resident.
2. “I’ll restock before prices increase again.” – Sandra Obalelenge, resident.
