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Why Is Corn Being Sold For N50? - Food (3) - Nairaland

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Re: Why Is Corn Being Sold For N50? by Lebee4(m): 12:56am On Jul 25, 2012
ITbomb: If that Corn was parcel in waterproof and a Made in EU with a price tag of 400 , you will rush it.
Imagine the cost of production N6. After subsidy, do u know how much it cost to transport this products from the farm to where you can see it?
plus struggle to buy Kerosine or coal to make it edible, which is not included in ur cost of production.
VAT, Tax, e.t.c.
Re: Why Is Corn Being Sold For N50? by ola4yinka(m): 1:04am On Jul 25, 2012
Waec question no 22 English language, 1991...!
Re: Why Is Corn Being Sold For N50? by antitpiah: 1:35am On Jul 25, 2012
Corn is 15 cents, whats wrong with that?
Re: Why Is Corn Being Sold For N50? by dayokanu(m): 3:04am On Jul 25, 2012
Even cost is going to be expensive in the US this year because of the drought
Re: Why Is Corn Being Sold For N50? by mikron(m): 4:05am On Jul 25, 2012
bros na wa o! This thing really pain you o! For u to rush down here to cry bitterly like dis! Chai! See wetin hunger go cause for my dear naija. God dey.
Re: Why Is Corn Being Sold For N50? by DExplorer1: 4:06am On Jul 25, 2012
Javanian: What a thread grin

ok...lets blame GEJ
grin grin grin
LMHO

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Re: Why Is Corn Being Sold For N50? by Goldenheart(m): 4:07am On Jul 25, 2012
N20, N30 here akure
Re: Why Is Corn Being Sold For N50? by daroz(m): 4:34am On Jul 25, 2012
My question is, how did he get the 6naira production cost calculation? He should explain on dat.
Re: Why Is Corn Being Sold For N50? by glimpse(f): 4:38am On Jul 25, 2012
Alpha2k: It is disturbing to see maize being sold for about N50 when the cost of producing a standard cob of fresh maize on the farm is N6.

My expectation is that having charged marketers N6 to grow a standard cob of maize, giving an investment period of below 4 months, a 100% profit on investment is ok. Making it available to consumers at N20 or worst N25.

go 2 ph n eat corn 4 N100...
Re: Why Is Corn Being Sold For N50? by DoctorAbu(m): 4:55am On Jul 25, 2012
Re: Why Is Corn Being Sold For N50? by Crown128(m): 5:47am On Jul 25, 2012
Alpha2k: It is disturbing to see maize being sold for about N50 when the cost of producing a standard cob of fresh maize on the farm is N6.

My expectation is that having charged marketers N6 to grow a standard cob of maize, giving an investment period of below 4 months, a 100% profit on investment is ok. Making it available to consumers at N20 or worst N25.
If you know the price is high you too can go to farm for a large scale farming of maize and maybe other farm produce so that you can have your profit outrageously.
Re: Why Is Corn Being Sold For N50? by Lachynos2k2(m): 5:57am On Jul 25, 2012
@ O P N50 corn u no fit buy....shame
Re: Why Is Corn Being Sold For N50? by Cyberconnect12: 5:59am On Jul 25, 2012
Alpha2k: It is disturbing to see maize being sold for about N50 when the cost of producing a standard cob of fresh maize on the farm is N6.

My expectation is that having charged marketers N6 to grow a standard cob of maize, giving an investment period of below 4 months, a 100% profit on investment is ok. Making it available to consumers at N20 or worst N25.
Re: Why Is Corn Being Sold For N50? by lagcity(m): 6:06am On Jul 25, 2012
Becos corn sellers know that Gov Okorocha likes corn by the roadside. Corn is not for poor ppl, make u know your level.
Re: Why Is Corn Being Sold For N50? by calebrita(m): 6:13am On Jul 25, 2012
you can get corn at the rate of 8 for N50 nin places like eruwa, igboora, lanlate, offa, oyo, lalupon, iwo e.t.t all i mean is it is only expensive in cities not towns
Re: Why Is Corn Being Sold For N50? by dasparrow: 6:25am On Jul 25, 2012
lagcity: Becos corn sellers know that Gov Okorocha likes corn by the roadside. Corn is not for poor ppl, make u know your level.

LOL, I guess so.
Re: Why Is Corn Being Sold For N50? by Redhot111(m): 6:28am On Jul 25, 2012
ITbomb: If that Corn was parcel in waterproof and a Made in EU with a price tag of 400 , you will rush it.
Imagine the cost of production N6. After subsidy, do u know how much it cost to transport this products from the farm to where you can see it?
no mind am, who even told him dat d average cost of producin a cob of corn is N6? He go fit clear 4 farm? He wan do notice me
Re: Why Is Corn Being Sold For N50? by Phuad23: 6:28am On Jul 25, 2012
Mayb dat corn is sold in other state at #50 come 2 ilorin u wil see a corn of #20 & #30.
Re: Why Is Corn Being Sold For N50? by FOLLEY20(m): 6:47am On Jul 25, 2012
Well, selling a corn 4 #50 is part of subsidy removal experience due fuel hike. Anyway, it depends on ur location. In south west states particularly Ondo state, u can still get 5 big uncooked corns for #50 & 2 cooked/roasted corns for #50. I think d farmers are really trying compared 2 their hard labor.
Re: Why Is Corn Being Sold For N50? by Nuzo1(m): 7:15am On Jul 25, 2012
FOLLEY20: Well, selling a corn 4 #50 is part of subsidy removal experience due fuel hike

False. It's sold for about the same quoted price since the past two or three years.
Re: Why Is Corn Being Sold For N50? by rareman(m): 7:15am On Jul 25, 2012
I guess the op's message here is that he can produce this in large quantity @ N6 each, but I don't know why he's not coming out to clarify things here. Truly NL should endeavor to read with d mind to understand rather than to criticise. My 2 cents though
Re: Why Is Corn Being Sold For N50? by emsquare(m): 7:20am On Jul 25, 2012
ITbomb: If that Corn was parcel in waterproof and a Made in EU with a price tag of 400 , you will rush it.
Imagine the cost of production N6. After subsidy, do u know how much it cost to transport this products from the farm to where you can see it?

On point!
Re: Why Is Corn Being Sold For N50? by chucky234(m): 7:31am On Jul 25, 2012
Billyonaire: I cant remember the last time I set my eyes on corn.
Re: Why Is Corn Being Sold For N50? by Jabioro: 7:44am On Jul 25, 2012
#50,it less than 75c.do u hav coins,do u how much it cost 2 grow a corn cob,and numbers of factors attached 2 it,when u sit at comfort of home draging farm case wt ur lappy.
Re: Why Is Corn Being Sold For N50? by spendogram: 7:54am On Jul 25, 2012
The OP only spoke about the cost of producing it at the farm being N6. Of course you will get it at about N10 near the farm but if they have to transport it to the city with the current poor road network you will realize that they are justified for selling at N50.

Generally speaking, raw materials are cheap in Nigeria but the cost to deliver to the final consumer is usually too high because of poor infrastructures.
Re: Why Is Corn Being Sold For N50? by MMM2(m): 8:04am On Jul 25, 2012
Op
Becos dey now use petrol 2 roast it instead of firewood embarassed
Re: Why Is Corn Being Sold For N50? by mrperfect(m): 8:07am On Jul 25, 2012
That is as a result of economic state of the country.
Re: Why Is Corn Being Sold For N50? by Sijo01(f): 8:10am On Jul 25, 2012
jude33084: Corn is 2 for N50 in ♍♈ area in Benin. Fresh an d big wink

Same here.......bought 4 for #100 yesterday. D vendor even use one tiny one put jara.
Re: Why Is Corn Being Sold For N50? by johnstar(m): 8:12am On Jul 25, 2012
grin grin grin funny thread grin grin grin grin grin
Re: Why Is Corn Being Sold For N50? by crackhouse(m): 8:15am On Jul 25, 2012
Did u consider these? {1} the time & energy spent on roasting it. {2}the fumes that entered the eyes of the woman when she was roasting the corn. {3} the particles of charcoal that entered her eyes when she was blowing the fire. {4} the risk she took sitting on a chair in the night and also on the street where evil men & armed robbers patrol. {5} that it's from the proceeds gotten from it she use in feeding her children, paying their school fees, buying drugs for them when they fall sick and pay house rents {6} that she spent money on getting the charcoal used in roasting the corn {7} that she also spent money on transporting the maize from the market to her house. My dear if i were those people, i will sell it not less 80 naira per one.
Re: Why Is Corn Being Sold For N50? by Alpha2k(m): 8:15am On Jul 25, 2012
As a corn farmer with locations in ogun state, it is N6 i charged per standard corn last year, this year and even for the request am geting for next month planting.
For advance booking reach me on 08062408926.

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