In Nigeria, the price of tomatoes is as expensive as gold, up to 70,000 Naira

Published 2024년 7월 20일

Tridge summary

In Nigeria, tomato prices have skyrocketed to 70,000 Naira per basket due to a drastic drop in production caused by widespread insect infestations. This surge has heavily impacted consumers and the tomato processing industry, leading to factory closures and worsening the shortage. Despite being Africa's largest economy, Nigeria is expected to continue facing high tomato prices, ranging from 50,000 to 100,000 Naira per kilogram. The situation presents significant economic and social challenges, requiring urgent government intervention to protect consumers and support the local economy.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Meanwhile in Nigeria today, to buy a basket of tomatoes, users will have to pay 70,000 Naira (currency in Nigeria), equivalent to 1.14 million Vietnamese dong. It would not be an exaggeration to say that tomatoes in this West African country are as expensive as gold. The main cause of this situation is a sharp decline in tomato production due to widespread insect invasion. This directly affects the supply of tomatoes, pushing up prices and putting great pressure on people, especially those who depend on tomatoes in their daily diet. Rising tomato prices not only affect consumers but also negatively impact Nigeria's tomato processing industry. Many large processing factories have been forced to shut down due to rising raw material prices, making the tomato shortage even more serious. And although Nigeria is the largest economy in Africa, tomato prices are expected to continue to increase next month, even after the middle of the month, it is expected that the price may decrease but ...
Source: Danviet

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