22 September 2012

Nigeria: Prices of Beans, Livestock Rise in Zamfara

Gusau — Residents of Gusau, the Zaamfara State capital are battling an unprecedented increase in the price of beans and livestock, which according to analysts, signifies possible scarcity of food this year.

Market survey conducted by the Weekly Trust revealed that the price of beans sold at about N8,000 early this year has astronomically risen to N30,000 per bag.

The trend, according to the dealers and consumers, alike is worrisome and signifies that people may be hit by food scarcity as the common man cannot afford the exorbitant prices.

"Many people are avoiding beans now and you know some months back it used to be common in most households, but is now beyond the reach of an average family," lamented Malam Hamisu Isah, a beans dealer.

Similarly the price of livestock also rose, as the rate medium size bull is now between N300,000 and N400,000 at the recent market survey.

It would be recalled that the United Nations has recently warned of a possible increase in the prices of food stuff in some countries of the world this year.

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