Nigeria News

Palm oil price further increases in Enugu major markets

November 14, 2020

Palm oil

The price of palm oil has further increased in major markets across Enugu metropolis, the News Agency of Nigeria (NAN) reports.

A market survey conducted by NAN 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.

The 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.

A 70Cl bottle has also increased from N500 to N700 in the same period.

back link building services=0></a></div><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><p>Palm oil dealers, who spoke at the various major markets in the metropolis, blamed the increase in palm oil price on palm fruits season for its 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><h2>ALSO READ: <span><a href=https://www.vanguardngr.com/2020/10/reviving-the-bleak-future-of-cocoa-palm-oil-production/ >Reviving the bleak future of cocoa, palm oil production</a></span><br/></h2><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=

The Rivers crisis was avoidable

The Rivers crisis was avoidable

Heal your neurodiverse children with love, pychologist tells parents

Heal your neurodiverse children with love, pychologist tells parents

Rivers: Force-ripened and harvested, by Ochereome Nnanna

Rivers: Force-ripened and harvested, by Ochereome Nnanna