The demand for Indomie instant noodles has increased due to a drop in the price.
The demand dropped tremendously, following an increase in the price.
Some residents of the Federal Capital Territory (FCT), who spoke to journalists in Abuja on Sunday, attributed the drop in price to the low demand caused by the incessant increase witnessed over a short period.
As at March 3, a carton of Indomie standard pack, which is the smallest size, was being sold for between N10,500 and N11,500. However, a carton of that same size is presently sold for between N7,400 and N8,000.
Also in March, a carton of the Super Pack was sold for between N17,800 and N18,700, and a carton of Hungry Man size was sold for between N16,800 and N17,500.
Presently, a carton of the Super Pack is sold for between N12,000 and N13,000, while a carton of the Hungry Man size is sold for between N11,500 and N12,500.
Also, in March, a packet of the standard size was sold for N300, while a packet of the Super Pack and Hungry Man was sold for N500 and N700, respectively.
Presently, a packet of the standard packs is sold for N250, while a packet of the Super Pack and Hungry Man is sold for N400 and N600, respectively.
However, in supermarkets, the prices are slightly higher for the single packets and the cartons.
A wholesaler in Garki Market, Zainab Ali, confirmed that the price of indomie had dropped significantly, attributing the drop in price to the low demand witnessed for some months.
Ms Nwosu, however, said she was able to buy a small carton after she noticed the prices had dropped recently.
Similarly, Ola Fakeye, an electrician, attributed the drop in the price of indomie to the low demand.
“ It is a good thing the price has reduced; some people will start to buy again,” he added.
