Traders in Igbotako market in Okitipupa local government area of Ondo state on Wednesday lamented the increase in the prices of commodities.
Written by awawa on July 20, 2022
Awawa FM correspondents, Segun Isaac and Tamarauemi Ebimini who visited igbotako market earlier today reported that the increase in the price of food items in igbotako is attributed to the significant increase in transport costs caused by the hike in price of premium motor spirit , PMS otherwise known as petrol.
A trader who identified himself as Sunday Augustine attributed the the high rising prices of goods to the high cost of transporting the commodities.
He further stated that reduction in the price of fuel will bring about a reduction in the cost of commodities.
Also speaking, a tomato seller attributed the cause of the hike in price of commodities to the distance where the commodities are transported from.
Another trader, Mrs Victoria Jimba who also shared her opinion said the hike in price of food items affects staple food like beans and others, while adding that local food like cassava flour still maintain moderate price.
A group of traders in Igbotako market have also condemned the Monopoly of trade being experienced at the market by some stock traders who are into specialised commodity sales, noting that these group of traders make it difficult for their kind of commodity to be ventured into by other would be traders thereby jerking up the prices of such commodity at the expense of the buyers.