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Uganda

Uganda Monthly Market Monitor, June 2018: Issue 51

Attachments

HIGHLIGHTS

KARAMOJA

  • Overall, the average retail prices for beans and maize grain fell by 12% and 5% in June, compared to May, respectively due to the start of the green harvest and stocks from the previous harvest. However, the overall price for sorghum was above by 5%, but markedly in Amudat by 50% due to scarcity;

  • Generally, the prices for maize grain, sorghum and beans remained below 2017 levels by 39%, 39% and 11%, respectively. Price reductions were significant in Kotido, Kaabong and Abim;

  • Compared to the long term (2013-2017) average, the overall prices for maize grain, sorghum and beans were lower by 23%, 21% and 5%, respectively, due to a favorable harvest last year. However, Amudat observed a 50% increase in the price for beans due to scarcity;

  • The terms of trade for goats and daily labor wage against maize grain have continued to improve, going up by 9% and 11%, respectively compared to May due to a gradual decline in the prices for maize grain.

REST OF THE COUNTRY

  • In June, the overall average retail prices for sorghum, maize grain and beans fell by 6%, 4% and 4% respectively and significantly in Mbale due to the replenishment of stock from the ongoing harvest;

  • Generally, prices have remained lower than the 2017 levels with maize grain, sorghum and beans average prices declining by 47%, 30% and 13%, respectively due to a favorable harvest last year;

  • Food prices are expected to keep falling in July through August due to the ongoing June-to-August first season harvest in the Bimodal areas