Traders in Kano Resolve to Reduce Prices, After Seal Up Of Warehouses Hoarding Food Items

Traders in essential commodities, including grains, noodles, and spaghetti in Kano state have resolved to cut the prices of their products, following a clampdown by the state government.

The traders after a meeting with the state public complaints and anti-graft commission, agreed to maintain the old prices of the stock in their stores and warehouses.

The trader’s chairman, Ibrahim Danyaro addressing newsmen after the meeting said they were selling below the prices quoted by companies across the state.

Last Monday, the commission sealed up more than ten warehouses in a major market in the Kano metropolis, filled with noodles, spaghetti, rice, sugar, milk, and other consumable items.

He said We are here to disassociate ourselves from hoarding. We have come forward to the commission with our pieces of evidence and the commission is convinced that we are not involved in hoarding.

The rising prices of commodities which are recorded in the market were not arbitrarily done by our members. This development is brought about by the companies. And we suggested measures to address the situation at hand.

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One of them is for the commission to hold similar meetings with the manufacturers of these commodities to find out why the inflation of prices.

We have expressed our resolve to cooperate with the commission to bring down the prices of commodities to bring succor to the people.

However, this, we can only do with the stocks we have at hand now. The prices we sold our stock in the market are not up to the current company prices.

Another market leader, Hamisu Rabi’u, assured the residents of maintaining the old prices of the stocks at hand against the skyrocketing prices being experienced at various markets across the state.

Take, for instance, spaghetti that we sold at N11,500 or N11,700 in the market and is now sold for N12,800 in companies.

Sugar in the company is sold for N72,000 but we sold it for N70,000. Rice is sold at N65,700 now but we sold it at 57,000 to 60,000.

We will ensure that our stock at hand won’t go beyond the company prices for the sake of our people. We agree to run at a loss rather than to throw our people into difficulties.