![\"\"](\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/06\/Screenshot_20250629-175207-1-300x184.jpg\")
<\/p>\n<\/p>\n
By Amah<\/p>\n
Kindly share:<\/p>\n
The Cowpea and Beans Farmers, Processors, and Marketers Association of Nigeria (C&BFPMAN) has highlighted high harvest yields, among other factors, as the reasons for the drop in the price of the produce in the country.<\/p>\n
The President of C&BFPMAN and some traders disclosed the reasons for the price drop in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos.<\/p>\n
NAN reports that as of the second and third quarters of 2024, the price of beans increased significantly to between N210,000 and N240,000 for 100kg, compared to N90,000 in 2023.<\/p>\n
However, from the first quarter of 2025, the produce witnessed a steady decline in its price.<\/p>\n
A bag of 100kg currently sells between N80,000 and N120,000, depending on the species.<\/p>\n
Speaking on the reasons for the drop in the price of the produce, Mr Kabir Shuaibu, C&BFPMAN President, stated that the increased harvest from cultivation is the reason for the drop in price.<\/p>\n
\u201cWe are glad the price of beans and cowpeas in general has dropped since the harvest from last year. We harvested over 10 times what we usually harvested in the past years.<\/p>\n
\u201cThe main reason for the drop in price is the increase we got from our cultivation. This implies that with the increased supply of the produce, the prices will drop.<\/p>\n
\u201cThe reason for the hike in the price of beans last year was due to the poor harvest in the previous year.<\/p>\n
\u201cYou can imagine a farmer who planted a hectare of land and expected 10,000 bags of beans but was only able to harvest and could only get a few bags due to flooding.<\/p>\n
\u201cThe situation of beans hike we witnessed last year was one we had not experienced in the sector for the past 10 years. We hope it does not recur,\u201d Shuaibu said.<\/p>\n
Poultry farmers blame middlemen, raw materials for consistent price hikes
\nHe noted that in the most recent harvest of beans and cowpeas, a hectare of land produced triple its usual harvest of 10,000 bags, hence the crash in the price of the produce.<\/p>\n
\u201cAnother reason for the surplus in the harvest of beans this year is that farmers did not take chances. While cultivating corn, they also planted beans and cowpeas along the rows, resulting in an increased harvest and a subsequent drop in the price of the produce.<\/p>\n
\u201cCurrently, a bag of beans up North costs between N80,000 and N120,000 depending on the species you are buying. As of this time last year, due to the poor harvests, the same bag sold between N210,000 and N240,000.<\/p>\n
\u201cWe do hope for continued increased harvest in the sector as it benefits both the farmers and the consumers,\u201d he told NAN.<\/p>\n
A wholesaler, Mrs Esther Umeileka, the Managing Director of Fresh2Home Ltd., Lagos, attributed the price drop to increased yields and less infestation of the produce, as witnessed in the previous year.<\/p>\n
\u201cLast year, there was a case of insect\/weevil attack which affected the produce.<\/p>\n
\u201cSo, this year, we have a lot of produce that crashed high prices. Additionally, we have adjusted to government policies.<\/p>\n
\u201cAnother reason for the drop in the price of beans is that this year the yield from the harvests is quite high,\u201d Umeileka said.<\/p>\n
Another beans trader at Oyingbo market, known as Mrs Zainab Ahmed, said patronage for the produce has increased since the drop in its price.<\/p>\n
\u201cWith the hike in the price of the produce last year, it was not easy for our customers. They just price and walk away.<\/p>\n
\u201cBut now, everybody seems to be able to afford beans for their families again, as the price has dropped to about N6,000 to N7,000 for a paint bucket as against N13,000 to N14,000 that was sold last year,\u201d Ahmed said.<\/p>\n
Also, Mrs Tonia Sanwo, a consumer, expressed her joy at the drop in the price of beans, which she described as an essential staple in her home.<\/p>\n
\u201cLast year, the price of beans was really on the high side; we were buying a small device cup for as high as N2,000 to N2,500.<\/p>\n
\u201cWe are really glad the price has dropped; the same quantity now sells between N800 and N1,000 depending on the species.<\/p>\n
\u201cWe never thought the price of beans would drop from what we experienced last year,\u201d Sanwo said.<\/p>\n
Also speaking, Mrs Favour Braye, a civil servant, confirmed the drop in the price of the produce.<\/p>\n
Braye attributed the development of easy access to farms to increased yields.<\/p>\n
\u201cThe price of beans has really dropped in comparison to the prices last year.<\/p>\n
\u201cThe farmers complained that insecurity on their farms resulted in poor yields the previous year.<\/p>\n
\u201cHowever, with ease of access to their farms, the price of beans has dropped and we are all happy about it. More people can now afford beans as it is a common staple in Nigerians homes,\u201d Braye said.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Amah Kindly share: The Cowpea and Beans Farmers, Processors, and Marketers Association of Nigeria (C&BFPMAN) has highlighted high harvest…<\/p>\n","protected":false},"author":1,"featured_media":6712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1491],"class_list":["post-6711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-food-prices"],"yoast_head":"\n