HomeBusinessFrom N60,000 to N150,000/basket: How tomato prices exploded in just 3 weeks

From N60,000 to N150,000/basket: How tomato prices exploded in just 3 weeks

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Tomato prices have surged in many markets, forcing consumers to reduce purchases and use alternative ingredients in their mealsFarmers blamed the rising prices on poor farming conditions and the shutdown of major tomato processing companiesDespite being one of Africa’s largest tomato producers, Nigeria continues to experience tomato price instability, contributing to rising food inflation

Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.

Tomato consumers across Nigeria are expressing concern over the persistent rise in tomato prices, saying the situation has made everyday cooking more expensive and contributed to the country’s growing food inflation.

Although Nigeria remains Africa’s second-largest producer of tomatoes after Egypt, with an estimated annual output of between 1.8 million and 2.3 million metric tonnes, the commodity continues to experience sharp price fluctuations.

Consumers Cry Out as Tomato Prices Fuel Food Inflation Across NigeriaTomato Prices More Than Double in Nigeria as Consumers Down Consumption
Source: Getty Images

According to the National Bureau of Statistics

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