In most monitored markets of Borno and Yobe States, prices of staple cereals (maize, imported rice, millet and sorghum) have decreased when compared to the August 2018 as favourable seasonal harvest prospects have encouraged traders to offload their old stocks into the market, thus increasing supply. However, the price of local rice in most markets of Maiduguri (Borno State) have continued to increase due to lingering market supply constraints.
Compared to September 2017, maize price has increased by 11% in Abba Ganaram, 23% in Monday and 56% in Bullumkutu markets of Borno State while prices of cowpea and red beans have also increased by a range of 11% to 56% and 8% to 54% respectively in all markets of Yobe State
The cost of the Survival Minimum Expenditure Basket for a family of 5 decreased by 3 percent from 19,758.08 Naira to 19,184.97 Naira in Maiduguri. In Damaturu, the cost of SMEB decreased by 11 percent from 17,535.00 Naira in August to 15,649.20 Naira in September 2018 while in Yunusari a decrease of 3 percent was recorded. The SMEB is made up of maize, rice, red beans, peanuts, palm oil/vegetable oil, salt and sugar.