The decline in cereal prices in Damaturu market in Nigeria is good news for consumers and farmers in the area. According to the Sarkin Kasuwa of Damaturu, Malam Tijjani Muhammad, the decline is mainly due to an increase in agricultural productivity, resulting from regular rainfall and support from the state government to farmers. These factors have resulted in a bountiful harvest, leading to a significant decline in millet and sorghum prices.
With the commitment of the government of Governor Mai Mala Buni to provide farmers with essential inputs such as tractors, combine harvesters and improved seeds, farmers have been able to increase their yields. This initiative has had a direct impact on cereal prices in the market. For instance, the price of a 100kg bag of millet has gone down from N100,000 to about N45,000-47,000 while sorghum is now sold for between N40,000 and N45,000 per bag.
On the other hand, livestock prices have been on the rise due to increasing demand especially as the festive season approaches. Malam Galtima Goni, the livestock vendors’ leader at the market, pointed out that many farmers had sold their livestock during the rainy season to finance their farming activities and are now buying new animals.
Alhaji Bukar Ba’ana, an agent at Kukareta Livestock Market, revealed that large cattle are selling for between N850,000 and N1.2 million while medium-sized animals are priced between N650,000 and N750,000.
This situation presents an opportunity for farmers to maximize their yields by adopting modern farming techniques. It is critical that agricultural stakeholders continue to engage in sustainable farming practices to ensure long-term food security and boost the local economy.
In conclusion, the decrease in cereal prices and increase in livestock prices at Damaturu market are a reflection of a changing agricultural situation in the region, supported by effective government policies and the commitment of agricultural stakeholders. It is an opportunity for farmers to thrive and contribute to the economic growth of the region.