The demand for Indomie instant noodles has increased due to drop in the price

The News Agency of Nigeria reports that demand dropped tremendously, following increase in the price.

Some residents of the Federal Capital Territory, FCT, who spoke to NAN in Abuja on Sunday, attributed the drop in price to the low demand caused by the incessant increase witnessed over a short period.

NAN recalls that the price of Indomie noodles, a popular fast food in Nigeria enjoyed by both the young and old skyrocketed within a short period.

In a market survey conducted by NAN on 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 cartoon 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.