Prices of Nigerian onions back down from all-time high

A few months back, the price of onions in Nigeria made headlines as the commodity hit an all-time high due to a dip in the supply. Currently, prices are on their way down as a result of new harvests. Growers and marketers have attributed the reduction in prices of onions to the availability of the product due to the bumper harvest recorded in many states.

One Nigerian grower stated: “In the last three months, onions were like gold; the demand for it was high. It was very scarce at the time because of the flood disaster experienced in many states.”

In Kebbi State, one onion farmer in Aliero, told the correspondent from afro.news that since the harvest of the produce began in December, prices started crashing. He added that the crash in the prices of the commodity was normal as it is the case with any other farm produce when new harvest comes into market.

He further argued that the prices of the commodity would continue to come down, probably till the end of its season, as many farmers had invested in the crop and it is free from the diseases that usually hamper optimum harvest.


Photo source: Dreamstime.com


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