Nigeria News

Palm oil price further increases in Enugu major markets

November 15, 2020

Palm oil price further increases in Enugu major markets

The price of palm oil has further increased in major markets across Enugu metropolis.

A market survey conducted by on Saturday revealed that the price of palm oil has again increased by 20 per cent when compared to what its price was some days ago.

NAN reports that price of palm oil at Akwata , Garki and Mayor markets increased as a five-litre keg of palm oil now goes for N5,000 as against N2,900 the previous week.

back link building services=0></a></div><p>A 70Cl bottle has also increased from N500 to N700 in the same period.</p><p>The survey also revealed that a 25-litre jerry-can of palm oil is now sold for between N22,000 and N24,500 as against N16,500 and N18,000 depending on its processing pattern and grade.</p><h2>READ ALSO: <span><strong><a href=https://www.vanguardngr.com/2020/11/death-toll-in-benues-unknown-ailment-hits-20/ >Death toll in Benue’s unknown ailment hits 20</a></strong></span><br/></h2><p>Palm oil dealers, who spoke to NAN at the various major markets in the metropolis, blamed the increase in palm oil price on palm fruits season for it’s season had come to an end.</p><p>Mrs Naomi Ijele, a palm oil seller at Akwata Market said that price of oil as at Sept and down the months was between N300 and N350 per 70cl bottle.</p><p>Ijele added that a 25-litre then went for between N10,500 and N11,000, when it recorded production increase from July.</p><p>“The scarcity of palm oil fruits has led to less production of oil thereby causing the increase in price of the commodity,” she said.</p><div class='code-block code-block-5' style='margin: 8px 0; clear: both;'> <a href=https://www.adhang.com/guest-posting-services/ ><img class=lazy src=

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