Mr Saheed AbdulAzeez, a beans seller, told TNE that the price of a big bag of white beans has remained high in the last few months at N30,000 while a measure goes for N500.
At the Ota main market, the survey indicates that the price of the locally produced rice, known as Ofada, has reduced.
An 8.2 kg bag of the rice now sells for N4,000 as against N6,500 in April.
“Some of the rice farmers have started harvesting but when we get to the peak of the harvest season by August and September, rice will flood the market and prices will crash,” he said.
The price of gari has also reduced in various markets in Abeokuta as a measure which sold for N400 in May, now sells for N200.
Just as in other markets in the South West Zone, the price of beans remains on the high side with a big bag now selling for N39,000 as against N24,000 during the pre-harvest season at Panseke market in Abeokuta.
Mr Michael Omeh, one of the traders, hinged the development on scarcity of beans, saying planting has just commenced.
“By this time, we hardly get beans from the farmers. Rather we get them from the middlemen who are now gradually supplying their stored beans into the market.
“Prices of beans are expected to go down as from November because planting will commence by July ending as farmers are now clearing their lands in preparation for planting,” he said.
The prices of yam have remained unchanged at Lafenwa and Kuto markets in Abeokuta in spite of the fact that the newly harvested yams are being supplied to the markets.
Six big tubers of new yam sell for between N6,000 and N6,500 while the medium size for the same number sell for between N3,500 and N4,000.
A trader at Kuto market, who identified himself simply as Musa, expressed optimism that the price of newly harvested yams would still go down as supply increases at the height of harvest.
Mrs Bosede Olajubu, a yam dealer at Odo Iro, a community near Ado-Ekiti, said the price of the food product is coming down.
“This development is not helping us at all because our customers will prefer to buy imported rice if the price differential is not much.