Big maize supply forces prices low.
The market received more grain from all major supply areas but Busoga registered the highest record. Millers in Kisenyi market have huge stocks of newly harvested grain piled on their verandas. The cu…
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The market received more grain from all major supply areas but Busoga registered the highest record. Millers in Kisenyi market have huge stocks of newly harvested grain piled on their verandas. The current grain price is Ush.290 per kilo and this price is expected to lower because of the large harvests expected from areas such as Masindi district. Busoga crop did not register good harvest this season and likewise Kiboga crop is not expected well. Old stocked grain continues to fetch more money on the market and a kilo is offered at Ush.310.
Maize flour price dropped in all the Kampala commodity markets from Ush.700-650 per kilo at wholesale to Ush.630-600/kg especially in Kisenyi. Increased supply of the newly harvested maize on the market is one of the reasons for the reduction in price however on the other hand the on going matooke harvest in the western side of the country (Mbarara) is the other because matooke is more preferred by the general consumer creating low demand for maize flour.
New supply of large beans has also lead to a fall in price for beans on the market. A kilo of K132 (Nambale beans)went for Ush.650 off lorry Owino/Kisenyi Markets while in Nakawa and Kalerwe it sold for Ush.750. There is good supply of yellow beans in Kisenyi and Owino markets and currently a kilo is going for Ush.700 at off lorry.