Wednesday, September 02, 2020

Prices of rice, beans, pepper, others jump, as “Ghana tomatoes” flood Lagos markets

 

Prices of rice, beans, pepper, others jump, as “Ghana tomatoes” flood Lagos markets

New tomatoes, described as oval-shaped “Ghana tomatoes,” have flooded Lagos markets.

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Alert: Tomato prices are up by over 80% in these Lagos markets

Prices of household items maintained an upward trajectory in the month of August across Lagos markets, as Nigerians continue to grapple with the impact of the COVID-19 pandemic and seasonal fluctuations of major food items.

According to the latest Household Market Survey carried out by Nairametrics Research, food items which include rice, beans pepper, palm oil, frozen turkey and garri (cassava flakes) all recorded significant price upsurges in the month of August 2020.

In the latest report, a big bag of pepper jumped by 73.3% to sell for an average of N13,000, from N7,500 two weeks ago. Similarly, a 50kg bag of locally made rice that was initially sold for an average of N23,125 now sells for an average of N24,000, indicating an increase of 3.78%. A big bag of dry onions that was initially sold for an average of N30,000 now costs an average of N35,500, while a carton of turkey increased by 15.1% to sell for an average of N16,350.

READ: Prices of frozen Fish, Yam, Pepper, others jump as traders lament low sales in major markets

Meanwhile, new tomatoes, described as oval-shaped “Ghana tomatoes,” have flooded Lagos markets, thereby driving prices down. According to the latest survey, the average price of tomatoes eased off as a big basket of oval-shaped tomatoes recorded a 24.1% decline in price to sell for an average of N11,000.

Details of items that recorded increases in their prices, items that recorded price declines, items that maintained the same prices, and key insights were included in the report.

Items that witnessed price increase

Some of the items that recorded significant price increase in the past two weeks include:
• A 50kg bag of locally made rice (Mama’s Pride) that was initially sold for an average of N23,125 now sells for an average of N24,000 indicating an increase of 3.78%.
• A big bag of pepper increased by 73.33% to sell for an average of N13,000 as against N7,500 recorded two weeks ago, while a medium-sized bag now sells for an average of N6,500 compared to an initial N4,500.
• A big bag of brown beans now sells for an average of N30,375 compared to an initial average of N29,625.
• A big bag of bush mango seeds (Ogbono), which was initially sold for an average of N95,000 now sells for N100,000, representing a 5.26% increase in two weeks.
• A carton of frozen turkey increased by 15.14% to sell for an average of N16,350 from an initial average of N14,200 recorded two weeks ago.
• A 50kg bag of Royal Stallion rice increased by 1.15% from an average of N29,000 to sell for an average of N29,333.
• A big bag of dry onions, which sold for N30,000 two weeks ago now sells for an average of N35,000. This indicates an increase of 18.33% in two weeks.
• A 50kg bag of Ijebu garri has increased by 5.61% to sell for an average of N14,125 compared to N13,375 recorded earlier in August.

READ: Local rice floods major markets in Nigeria, as frozen food sellers lament low patronage  

Items that recorded decrease in price

• The price of a medium basket of round shaped tomatoes reduced by 17.65% to sell for an average of N7,000 compared to an initial average of N8,500.
• A big basket of round shaped tomatoes now sells for an average of N11,000 as against N14,500 previously recorded.
• Oval shaped tomatoes (big basket) sell for an average of N7,000 from an initial value of N12,000 indicating 41.67% reduction in price.
• A big bag of melon seeds now sells for an average of N37,500, a reduction of 19.35% compared to an average of N46,500 recorded two weeks ago.
• A 50kg bag of white beans reduced marginally by 1.17% to sell for an average of N31,625 as against N32,000 earlier recorded.
• The price of a 25-litre gallon of palm oil reduced by 6.73% to sell for an average of N12,125 compared to an initial average of N13,000.
• Also, a 5-litre gallon of palm oil currently sells for an average of N2,425, a 3.96% reduction in price compared to an initial average of N2,525.

READ: Quality of local rice improves as food prices drop across major markets 

Items that maintained initial prices

Household items that maintained their initial prices include yam, milk, cocoa beverages, and flour.
• A big sized tuber of yam still continues to sell for an average of N900, while a medium-sized tuber sells for an average of N675.
• A 50kg bag of brown beans (Oloyin) still sells for an average of N20,375.
• A 400g tin of Peak Powdered milk continues to sell for an average of N1,200, while 900g still sells for an average of N2,363.
• A bag (50kg) of Dangote flour sells for an average of N11,067, while Honeywell sells for N11,525.
• 500g and 900g tins of Milo still sell for an average of N1,038 and N2,125 respectively.
• A bag of yellow maize sells for an average of N19,667 while white maize also maintains an average of N19,000.
• The prices of Kote and Titus fish continue to sell for N563 and 575 respectively.
• The various sizes of noodles maintained their initial prices; 305g Indomie (N3,150), 210g Indomie (N3,200), 100g Chikki (N2,150).

GTBank 728 x 90

READ: FAAC disagrees over revenue allocation for FG, States, LGs

Special market/Items

• New tomatoes, described as oval-shaped tomatoes imported from Ghana, were sighted also at Mile-12 and Mushin markets, selling for between N5,500 and N6,000.
• A visit to Mushin market showed that customers prefer to buy the oval-shaped tomatoes from Mushin market compared to Mile-12 market. According to a trader at Mushin market, “A small basket of oval-shaped tomatoes sells within the range of N800 and N1,000 from which four of it, is equivalent to the basket sold at Mile-12 market for an average of N5,000, indicating a difference of at least N1,000.
• Pepper sellers at Mile-12 market told Nairametrics’ research team that the price of pepper changes frequently depending on the time of the day. A big bag was sold for an average of N13,000 in the morning while later in the day it reduced to sell for as low as N9,000 depending on the negotiating power of the buyer.

READ: Manufacturing sector in Nigeria and the reality of a “new normal”

GTBank 728 x 90

Market Insights

• Despite the gradual easing of lockdown measures in the country, prices of major food items continue to be on a steady rise across most markets in Lagos State. For instance, a 50kg bag of Ijebu garri, which was sold for an average of N6,700 in March now sells for an average of N14,125. Also, A bag of white garri was sold for an average of N7,500 in March and now sells for an average of N12,375, while yellow garri now sells for an average of N12,000 as against N7,750 recorded in March.
• New onions were sighted at Mile 12 market after months of scarcity in the various markets of Lagos State. The new influx, however, surfaced with an increase in price as a big bag now sells for an average of N26,000 compared to N20,000 recorded the last time.
• Dry onions likewise increased by 18.33% from an initial average of N30,000 to sell for N35,500 as traders hinted that prices could go higher in the coming weeks. While speaking to a major onion trader at Mile-12 market, Mr. Musa, Nairametrics research learnt that although there is a high supply of the items in the market, the price increase is actually from the North where they are being transported from due to the season.

About Nairametrics Food Price Survey

Nairametrics Food Price Watch is a bi-weekly household market survey that covers the prices of major food items, with emphasis on five major markets in Lagos – Mushin market, Daleko market, Oyingbo market, Idi-Oro market, and Mile 12 market.https://nairametrics.com/2020/09/01/market-survey-prices-of-rice-beans-pepper-others-jump-as-ghana-tomatoes-flood-lagos-markets/

BASMATI RICE MARKET TO SEE EXCELLENT GROWTH IN NEXT 5 YEARS

 

ample September 1, 2020
Comprehensive Report on Basmati Rice Market

The Ample Market Research (AMR) has announced the addition of the a new industry research that focuses on Basmati Rice market and delivers in-depth market analysis and future outlook of Basmati Rice market. The study covers significant data which makes the research report a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges.

Get comprehensive research providing detailed regional analysis and growth outlook of the Global “Basmati Rice” in the latest research report added by AmpleMarketReports.com

The report yields a systematic understanding of the existing trends, growth opportunities, market dynamics that are expected to shape the growth of the Basmati Rice market. The various research methods and tools were involved in the market analysis of Basmati Rice, to excavate crucial information about the market such as current & future trends, opportunities, business strategies and more, which in turn will aid the business decision-makers to take a right decision in future. The outcome of our research analysis guesstimated that the Basmati Rice Market is destined to perceive constant growth in the coming years.

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Final Report will add the analysis of the impact of COVID-19 on this Industry.

 

The total market is further segmented based on company, country, and application/type for competitive landscape analysis. On the contrary, information on industry chain structure, emerging applications, and technological developments in the market makes the report a must-read document.

The report reveals detailed information about the global key players as well as some small players of the “Basmati Rice” sector.

 The information for each competitor includes: 

-Company Profile

-Main Business Information

-SWOT Analysis

-Sales, Revenue, Price and Gross Margin

-Market Share

These insights help determine the strength of competition and take the necessary steps to obtain a leading position in the “Basmati Rice” industry.

Additionally, the research provides a detailed analysis of the key segments of the market with the help of charts and tables. An overview of each market segment such as type, application, and region are also provided in the report. These insights help in understanding the global trends in the “Basmati Rice” industry and form strategies to be implemented in the future.

The market across various regions is analyzed in the report, including North America (Covered in Chapter 7 and 14), United States, Canada, Mexico, Europe (Covered in Chapter 8 and 14), Germany, UK, France, Italy, Spain, Russia. The report manifests the growth trends and future opportunities in every region. Additionally, the research provides a list of leading market players active in the “Basmati Rice” industry.

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 KEY MARKET SEGMENTS

 The key players profiled in this report include:  Kohinoor Foods Ltd, REI Agro Ltd, KRBL Ltd, LT Foods Ltd, DUNAR, Amar Singh Chawalwala, Pari India, R.S.Mills, Lakshmi Group, Golden Foods

 By Product:   Indian varieties, Pakistani varieties, Kenyan variety, American varieties.

 By Application:  Direct Edible, Deep Processing.

The study clearly reveals that the “Basmati Rice” industry has attained remarkable growth since 2024. This research report is prepared based on an in-depth analysis of the market by experts. As a final point, stakeholders, investors, product managers, marketing executives, and other professionals seeking unbiased data on supply, demand, and future forecasts would find the report valuable.

 Table of Contents 

 Chapter 1 Executive Summary 

 Chapter 2 Abbreviation and Acronyms 

 Chapter 3 Preface 

3.1 Research Scope

3.2 Research Methodology

3.2.1 Primary Sources

3.2.2 Secondary Sources

3.2.3 Assumptions

 Chapter 4 Market Landscape 

4.1 Market Overview

4.2 Classification/Types

4.3 Application/End Users

 Chapter 5 Market Trend Analysis 

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Threats

 Chapter 6 Industry Chain Analysis 

6.1 Upstream/Suppliers Analysis

6.2 “Basmati Rice” Analysis

6.2.1 Technology Analysis

6.2.2 Cost Analysis

6.2.3 Market Channel Analysis

6.3 Downstream Buyers/End Users.

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RICE PROCESSING MACHINERY MARKET OUTLOOK AND OPPORTUNITIES IN GROOMING REGIONS : EDITION 2020 TO 2026

 

RICE PROCESSING MACHINERY MARKET OUTLOOK AND OPPORTUNITIES IN GROOMING REGIONS : EDITION 2020 TO 2026

The global Rice Processing Machinery market report is a comprehensive research that focuses on the overall consumption structure, Demand, Revenue and Forecast till 2026. The report focuses on key companies in the global Rice Processing Machinery industry, market segments, competition, and the growth drivers, constraints and SWOT analysis. This report focuses on Rice Processing Machinery volume and value at the global level, regional level and company level.

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The Report includes top leading companies Buhler Group, Satake Corporation, Hubei Yongxiang, Zhejiang QiLi Machinery, Hunan Chenzhou Grain & Oil Machinery, Wuhan Zhongliang Machinery, Perfect Equipments, G.G. Dandekar Machine Works, Patker Engineers, AGI(MILLTEC Machinery), Yamanoto

Global Rice Processing Machinery Market, By Type

Industrial

Family Workshop

Global Rice Processing Machinery Market, By Application

Below 50 Ton

50-150 Ton

Above 150 Ton

Global Rice Processing Machinery Market Segmentation by Region:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America  

Table of Contents:

Report Overview: It includes Rice Processing Machinery market study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: This section of the report gives information about Rice Processing Machinery market trends and shares market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.

Profiles of International Players: Here, key players of the Rice Processing Machinery market are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.

Regional Study: All of the regions and countries analyzed in the Rice Processing Machinery market report is studied on the basis of the market size by application, the market size by product, key players, and market forecast.

Key Players: This part of the Rice Processing Machinery market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

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RICE PROCESSING MACHINERY MARKET FUTURE CHALLENGES AND INDUSTRY GROWTH OUTLOOK 2025

 

RICE PROCESSING MACHINERY MARKET FUTURE CHALLENGES AND INDUSTRY GROWTH OUTLOOK 2025

Market Study Report LLC has announced the launch of Rice Processing Machinery market report, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

The research report on Rice Processing Machinery market is an in-depth analysis of pivotal drivers, challenges, and growth prospects prevailing in the business space and their impact on the expansion graph over the ensuing years.

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According to the report, Rice Processing Machinery market is anticipated to record a y-o-y growth rate of XX% over the analysis duration (2020-2025) and is poised to amass substantial revenues by the end of study term.

Various disruptions are being observed on account of lockdowns imposed to control COVID-19 spread, leading to uncertainties. While all industry verticals are facing revenues troubles presently, some sectors will continue to fight these challenges even as economy emerges from pandemic blowback.

As a result, all the businesses are revising their budgets to formulate new profit trajectory for the forthcoming years. Our thorough analysis of this industry space will enable you to come up with contingency plans and prepare you to manage market qualms.

The research document scrutinizes different segmentations to offer comprehensive insights about the growth opportunities in the market.

Major points summarized in Rice Processing Machinery market report:

  • Impact of coronavirus pandemic on the growth matrix
  • Statistics related to market size, sales volume as well as overall remuneration
  • Analysis of industry trends
  • Growth prospects
  • Projections about growth rate
  • Advantages and disadvantages of direct and indirect sales channels
  • Documentation of established vendors, manufacturers, and traders in the market

Elucidating Rice Processing Machinery market segmentations:

Regional terrain:

  • Industry survey at geographical as well as country level
  • Sales garnered, revenues accrued, and market share held by each region
  • Estimations about remuneration and growth rate for all the regions over the forecast period

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Product scope: Below 50 Ton, 50-150 Ton and Above 150 Ton

  • Pricing pattern for each product type
  • Industry share based on sales and returns recorded by each product segment

Application landscape: Industrial and Family Workshop

  • Profit returns contributed and market share held by each application segment
  • Pricing and sales of products based on their applications

Competitive hierarchy: Buhler Group, G.G. Dandekar Machine Works, Zhejiang QiLi Machinery, Satake Corporation, Perfect Equipments, Hubei Yongxiang, AGI(MILLTEC Machinery), Wuhan Zhongliang Machinery, Hunan Chenzhou Grain & Oil Machinery, Patker Engineers and Yamanoto

  • Business profile, product portfolio, and manufacturing units of leading companies
  • Products and services offered by players
  • Statistics related to price, sales volume, profit returns, overall revenue, and industry stake of each contender
  • SWOT analysis of established companies
  • Summary of commercialization matrix, marketing strategies, and other business centric tactics.

Important Highlights of the Report:

Industry Size & Forecast: Estimations on the global Rice Processing Machinery industry size on the basis of value and volume are provided in this part of the report

Segmental Analysis: The report has examined the high-growth segments including product type, application, and end-users

Future Prospects: Future opportunities are estimated to emerge in the industry

Geography-Wise Analysis: The authors of the report have studied the regions having growth potential to help companies plan their future investments

Study on Competitive Landscape: The industry experts have offered thorough information about the strategic tactics adopted by the industry participants.

Key questions answered in the report:

  • What will the market growth rate of Rice Processing Machinery market
  • What are the key factors driving the global Rice Processing Machinery market
  • Who are the key manufacturer Rice Processing Machinery market space
  • What are the market opportunities, market risk and market overview of the Rice Processing Machinery market
  • What are sales, revenue, and price analysis of top manufacturers of Rice Processing Machinery market
  • Who are the distributors, traders and dealers of Rice Processing Machinery market
  • What are the Rice Processing Machinery market opportunities and threats faced by the vendors in the global Rice Processing Machinery industries
  • What are sales, revenue, and price analysis by types and applications of Rice Processing Machinery market
  • What are sales, revenue, and price analysis by regions of Rice Processing Machinery industries

For More Details On this Report: https://www.marketstudyreport.com/reports/global-rice-processing-machinery-market-2020-by-manufacturers-regions-type-and-application-forecast-to-2025

Some of the Major Highlights of TOC covers:

Rice Processing Machinery Regional Market Analysis

  • Rice Processing Machinery Production by Regions
  • Global Rice Processing Machinery Production by Regions
  • Global Rice Processing Machinery Revenue by Regions
  • Rice Processing Machinery Consumption by Regions

Rice Processing Machinery Segment Market Analysis (by Type)

  • Global Rice Processing Machinery Production by Type
  • Global Rice Processing Machinery Revenue by Type
  • Rice Processing Machinery Price by Type

Rice Processing Machinery Segment Market Analysis (by Application)

  • Global Rice Processing Machinery Consumption by Application
  • Global Rice Processing Machinery Consumption Market Share by Application (2014-2019)

Rice Processing Machinery Major Manufacturers Analysis

  • Rice Processing Machinery Production Sites and Area Served
  • Product Introduction, Application and Specification
  • Rice Processing Machinery Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
  • Main Business and Markets Served

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GLOBAL RICE TRANSPLANTER MACHINE MARKET 2020 TO WITNESS HUGE GROWTH BY 2026 | TOP KEY PLAYERS; KUBOTA, ISEKI, YANMAR, TYM, JIANGSU WORLD AGRICULTURE MACHINERY, CLAAS, MITSUBISHI MAHINDRA AGRICULTURAL

 

GLOBAL RICE TRANSPLANTER MACHINE MARKET 2020 TO WITNESS HUGE GROWTH BY 2026 | TOP KEY PLAYERS; KUBOTA, ISEKI, YANMAR, TYM, JIANGSU WORLD AGRICULTURE MACHINERY, CLAAS, MITSUBISHI MAHINDRA AGRICULTURAL MACHINERY

The study on the Global Rice Transplanter Machine Market strives to offer prominent and profound insights into the present market scenario and the emerging growth dynamics. The report on Rice Transplanter Machine market also provides the market players as well as the new contenders a complete view of the market landscape. The detailed research will empower the well-established as well as the emerging players to organizetheir business planning and achieve their short-term and long-term goals.

Global financial markets are in crisis as the covid-19 coronavirus spreads worldwide. The coronavirus epidemic is relevant and has far-reaching implications for the market. Many industries are facing a rising number of critical concerns such as supply chain disruption, rising risk of recession, and a possible reduction in consumer spending. These scenarios will run in different regions and sectors, so that correct and timely market research is more important than ever. By studying all aspects, the report provides up to date market intelligence on Rice Transplanter Machine market.

Note: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

request-sample enquiry-buying

 

Historical Years2014-2019
Forecast Years2020-2024
Market Size 2019XX Million
Market Size 2024XX Million
CAGR 2020-2024XX %
Market representationRevenue in USD Million & CAGR from 2020 – 2029
Report coverageRevenue forecast, company share, competitive landscape, growth factors, and trends

The global Rice Transplanter Machine market report offers detailed company profiles to bring out a clear view of the competitive landscape of the Rice Transplanter Machine market Outlook. It also comprehends market new product analysis, financial overview, strategies and marketing trends. The following manufacturers are assessed in this report in terms of sales, revenue, and market share for each company.

The Major players profiled in this report include:

  • Kubota
  • Iseki
  • Yanmar
  • TYM
  • Jiangsu World Agriculture Machinery
  • CLAAS
  • Mitsubishi Mahindra Agricultural Machinery
  • Changfa Agricultural Equipment
  • Shandong Fuerwo Agricultural Equipment
  • Dongfeng Agricultural Machinery

Get Free Exclusive Sample of this Premium Report at: https://www.innovateinsights.com/report/global-rice-transplanter-machine-market-by-product-type-/69831/#requestsample

This report offers insights into a dynamic competitive environment. It also offers a progressive viewpoint on various factors driving or restricting the market growth. The report gives an overall view of the global Rice Transplanter Machine market by categorizing it in terms of type, application and region. These segments are analyzed by current and future trends. Regional segmentation includes current and future demand for them in North America, Asia Pacific, Europe, and the Middle East. The report collectively covers specific application segments of the market in each region.

Global Rice Transplanter Machine Market Split by Product Type and Applications:

Types of Global Rice Transplanter Machine Market:

  • Riding Type
  • Walking Type

Applications of Global Rice Transplanter Machine Market:

  • Household
  • Commercial

Geographically, the detailed analysis of consumption, revenue, Rice Transplanter Machine market share and growth rate, historic and forecast (2015-2026) of the following regions are covered-

    • North America (USA, Canada and Mexico)

 

    • Europe (Germany, France, UK, Russia and Italy)

 

    • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

 

    • South America (Brazil, Argentina, Columbia etc.)

 

    • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

The Report Delivers Following Points:

 Comprehensive analysis of the global as well as regional markets of the global Rice Transplanter Machine market.
 The growth matrix exhibits an analysis of the product segments and geographies that market players should focus to invest, combine, expand and/or diversify.
 Complete coverage of all the segments in the global Rice Transplanter Machine market to analyze the trends, developments in the global market and prediction of market size up to 2027.
 Detailed analysis of the companies operating in the global Rice Transplanter Machine market. The company profile includes analysis of product portfolio, revenue, SWOT analysis, porter analysis and the latest developments of the company.

Do enquire to get a strategic overview of the market, Access Research Methodology Prepared By Experts at: https://www.innovateinsights.com/report/global-rice-transplanter-machine-market-by-product-type-/69831/#buyinginquiry

The growth of this market globally is subjected to different reasons, including consumer ace Rice Transplanter Machine of a lot of Rice Transplanter Machine products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.

The Report Highlights the Following Key Factors:
 Detailed information of the company’s operations and business segments.
 List of key products, services, and brands of the company.
 List of major competitors to the company.
 Contact details of key locations and subsidiaries of the company.
 Progression of key events associated with the company.
 Analyst’s summarization of the company’s business strategy.
 An extensive analysis of the company’s strengths, weakness, opportunities, and threats.