Monthly Market Monitor, March 2014: Issue 1

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  • There was a slight decrease in the overall average nominal retail prices for maize grain, beans and goats in Karamoja as compared to the month of February 2014; during the same period sorghum prices increased across Karamoja region by 13%.

  • The terms of trade for a goat against maize grain deteriorated in Karamoja during the month while terms of trade for wage labour against maize grain improved.

  • In other parts of the country (Kampala, Western, Northern & Eastern Uganda), nominal retail prices for maize grain and beans increased by 13% and 3% respectively.

  • Price increases are expected for maize and sorghum grain in April 2014 while for beans, prices are likely to remain stable.