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Uganda

Uganda Monthly Market Monitor, April 2018: Issue 49

Attachments

HIGHLIGHTS

KARAMOJA

  • In April, there were minimal changes in the overall retail prices for staple foods, compared to March. Maize grain price was low by 3%, while prices for sorghum and beans increased by 2% and 3%, respectively;

  • Generally, the overall retail prices for maize grain, sorghum and beans remained markedly lower than 2017 levels by 42%, 47% and 15%, respectively. Similar trends were seen across all major markets, more so in Abim and Nakapiripirit;

  • Compared to the long term (2013-2017) average, the overall retail prices for maize grain and sorghum declined by 21% and 26%, respectively, due to high supplies following a better harvest in 2017. Average retail prices were significantly lower in Abim, Nakapiripirit and Kaabong;

  • In April, the terms of trade for goats and daily labor wage rate against maize grain improved by 4% (each). Similarly, the terms of trade for goats and daily labor wage rate remained significantly above 2017 levels.

REST OF THE COUNTRY

  • Compared to March, slight changes in the average retail prices were observed in April. Maize grain price fell by 4%, while the price for sorghum was up by 4%;

  • Overall retail prices for maize grain, sorghum and beans were below 2017 levels by 39%, 11% and 21%, respectively, due to an improved harvest last year. The price for maize grain and sorghum increased by 23% and 40% in Mbale, due to high demand;

  • In May, the average retail prices are expected to slightly increase, but start falling in June due to an anticipated first season harvest across the country.