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    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    13th Annual Pre-Harvest Agribusiness Exhibition and Conference Launched

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    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

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    “All Roads Lead to Bamvim as Agrihouse Foundation Gears Up for the 13th Annual Pre-Harvest Agribusiness Exhibition Conference Launch”

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    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    13th Annual Pre-Harvest Agribusiness Exhibition and Conference Launched

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    Agriwoman Marketplace Returns Energetically after a short break, expecting to draw about 50 Women in Farming, Marketing and related Agribusiness Value chain Activities for its 13th Edition

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    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

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    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

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    “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

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    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

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      “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

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      Digitalization Needs Agric & Agric Needs Appropriate and Innovative Digital Systems— Agrihouse Foundation Director

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    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    13th Annual Pre-Harvest Agribusiness Exhibition and Conference Launched

    Modernizing & Improving Market access for women in Agribusiness

    Agriwoman Marketplace Returns Energetically after a short break, expecting to draw about 50 Women in Farming, Marketing and related Agribusiness Value chain Activities for its 13th Edition

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    Fiifi Kwetey to represent fmr President Mahama at the Nebraska-Ghana Trade and Investment forum

    Fiifi Kwetey to represent fmr President Mahama at the Nebraska-Ghana Trade and Investment forum

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    “All Roads Lead to Bamvim as Agrihouse Foundation Gears Up for the 13th Annual Pre-Harvest Agribusiness Exhibition Conference Launch”

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    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    13th Annual Pre-Harvest Agribusiness Exhibition and Conference Launched

    Modernizing & Improving Market access for women in Agribusiness

    Agriwoman Marketplace Returns Energetically after a short break, expecting to draw about 50 Women in Farming, Marketing and related Agribusiness Value chain Activities for its 13th Edition

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

    “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

    Agrihouse Foundation and GhaNeb LLC Partner, to Create Agribusiness Trade and Investment Opportunities for Ghanaian Agribusinesses in Nebraska

    Agrihouse Foundation and GhaNeb LLC Partner, to Create Agribusiness Trade and Investment Opportunities for Ghanaian Agribusinesses in Nebraska

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    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Brazil declares 180-day animal health emergency amid avian flu cases in wild birds

    Brazil declares 180-day animal health emergency amid avian flu cases in wild birds

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    Dutch Livestock Farmers to Receive Payment for Halting Operations

    African Swine Fever Outbreaks Boost China’s Pork Production to Record High

    African Swine Fever Outbreaks Boost China’s Pork Production to Record High

    Massive Explosion at Texas Dairy Farm Claims Lives of 18,000 Cows

    Massive Explosion at Texas Dairy Farm Claims Lives of 18,000 Cows

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    Seafarers cautioned to observe all vessel safety precautions – NAFAG

    Seafarers cautioned to observe all vessel safety precautions – NAFAG

    Australia: Crop exports set for record high after heavy rains

    Australia: Crop exports set for record high after heavy rains

    North Korea: Kim Jong Convenes Meeting to Strengthen Country’s Economy & Agri Sector Fearing Food Shortage

    North Korea: Kim Jong Convenes Meeting to Strengthen Country’s Economy & Agri Sector Fearing Food Shortage

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    Agri-Sports Meets Agribusiness: Meet Coach Eric, Guide and Drills Mentor at the 5-day bootcamp

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    Meet Participating Schools for the 6th AG-STUD Boot camp 2023

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    AG-STUD 2023 to host Motor King Manufacturer, Madam Nora Gao as mentor for the 5-day Bootcamp

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    UGBS With Funding From A.M.G Limited Commissions Innovation and Incubation Hub

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    OCP Africa Pledges Financial Support towards Agric Projects in O’Reilly and Accra Academy Senior High Schools

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    Hon. Dr. Zanetor Agyeman-Rawlings Donates 3 Laptops to Support Agric Students

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      “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

      “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

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      Unscrupulous Persons Diverting Cocoa Fertilizers and Agri-Inputs – COCOBOD

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Home National News Agribusiness

Local Farmers, Foodstuff Traders Engage in Profit-Racketeering

by Agrihouse Foundation
2 years ago
in Agribusiness, Crops, Fertilizer, Latest, National News
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  • as neighbouring countries fuel food hoarding tendencies


The consistent hiking of price of food commodities in parts of Northern Ghana by farmers and aggregators is motivated by foreign interest, with buyers from neighbouring Burkina Faso, Mali and Niger ready to pay more than twice what local foodstuff traders can afford, an assessment by the B&FT has confirmed.

The challenge of accessing farm inputs and rainfall patterns, including the recent consistent increase in fuel prices, were also cited as the main causes of hoarding foodstuff for good market prices from foreign traders.

An assessment of food commodities’ price in some farming communities and districts noted to be the hub of food production in the North revealed that farmers are hoarding foodstuff and selling to wholesalers who can afford the asking price.

Norbert Atuesiyue, a farmer from Fumbisi, explaining the situation to the B&FT said the consistent hike in the price of food in most farming communities and market places in the Northern sector is normally due to the influx of foreigners and food traders from Burkina Faso, who come with huge sums of money to deny local traders a chance to purchase.

Commodity prices gathered in some various marketplaces in Tamale, Fumbisi among others in the Northern Region indicated that some prices of food staff have been fluctuating but consistently on the high side per the purchasing power of the local people and traders of foodstuff.

At Fumbisi in the Sandema district of the Upper East Region, the price of a 100kg bag of maize rose from GH¢230 to GH¢260; millet from GH¢300 to GH¢390; Sorghum from GH¢380 to GH¢420; Cowpea is currently at GH¢900 from GH¢720; and Soya beans have from GH¢320 to GH¢550.

In Tamale, commodity prices gathered from the market and some farmers indicated similar pricing regime. An ‘Olonka’ of local rice which used to be GH¢13 now goes for GH¢16 and above depending on the variety. Three tubers of yam, which used to be GH¢10 now goes for GH¢20 and above; depending on the size and variety.

But the above situations, according to Mr. Atuesiyue, are of no worry for traders from neighbouring countries as they are often endowed with huge purchasing power considering the strength of the CFA currency.

He said residents of Fumbisi, for instance, can harvest hundreds of tonnes of food but transportation and the lack of good roads compels farmers to release the foods cheaply for traders – mostly foreigners who are able to enter these communities with trucks to purchase them.

An Economist and Research Scientist, Dr. John Bidzakin, however said the rising price of food commodities across the country is due to lack of stakeholders’ priority to support farmers and also inject more investment into the agricultural sector for it to grow.
Source: B&FT
Tags: Foodstuff Traders Engage in Profit-RacketeeringLocal Farmers
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