Traders along Kissy Street and Congo markets have yesterday expressed their disappointment over the current hike in the sale and purchase of Palm oil which is locally produced in the country.
The disgruntled traders said that they are not experiencing good sales as before, and the reason why they are still trading is because they are not educated enough and that is the only trade that they have learnt.
Speaking to Fatmata Kargbo who is a trader at the Kissy Street market and sells palm oil and ground nut oil, she said that the gallon is very expensive and they are buying it for Le235, 000 and sells a pint at Le4,500. She said that she is not experiencing much sales, as the customers prefer to buy groundnut oil rather than palm oil. She went further to say that this has adversely affected her business, as sales are slow and scarce.
The trader therefore appealed to the authorities to look into this to find the cause of the problem.
Speaking to Awoko, another petty trader at Congo market also repeated the same concern.
She said that she has been in the business for almost 20 years now and it is what she had used to educated her children to university level, but the skyrocketing prices of her trade is causing negative feelings for her and her living. As a single parent, she is worried about the future of her business because she uses the proceeds to take care of her children. She said that the price for a gallon of oil is Le140, 000 and they are selling a pint at Le3,000 as the price of oil is way higher.
All the traders that Awoko spoke to said that they are not happy selling the palm oil at a high price as it does not attract sales, but when the price was low they sell a lot.
By Nancy Koroma