Economic

Stability and Fluctuations in Crop Prices at Al-Nuhud Exchange

Al-Radhi Ali Baraka, the auction manager at the Al-Nuhud Crop Exchange, confirmed that the market is experiencing stability in some prices and declines in others today, emphasizing the importance of monitoring market movements to ensure the best returns for farmers and traders.

In a statement to SUNA, Baraka explained that the price of a quintal of peanuts remained stable at SDG 33,000 in cash and SDG 37,000 electronically, while the price of a ton of shelled peanuts remained at SDG 1,050,000 in cash and SDG 1,150,000 electronically.

Regarding gum arabic, he noted that the quintal price remained stable at SDG 195,000 in cash but dropped from SDG 215,000 to SDG 210,000 for electronic payment.

As for sesame, it saw a notable decrease, dropping from SDG 55,000 to SDG 50,000 in cash, and from SDG 65,000 to SDG 60,000 electronically.

In contrast, hibiscus prices remained stable at SDG 50,000 in cash and SDG 70,000 electronically, while watermelon seeds also maintained their prices at SDG 45,000 in cash and SDG 55,000 electronically.

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