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Uganda

Uganda Monthly Market Monitor, August 2018: Issue 53

Attachments

HIGHLIGHTS

KARAMOJA

 In August, the overall average retail price for maize grain and sorghum fell by 43% and 39%, respectively, compared to July. Price declines were noted across all major markets of Karamoja, more so in Moroto and Napak;

 Compared to 2017, the overall average retail price for maize grain, sorghum and beans declined by 46%, 40% and 2%, respectively. Generally, the prices for maize grain and sorghum remained markedly lower than 2017 levels in all markets;

 Overall, the average retail prices for staple foods have remained lower than the long term (2013-2107) average. The prices for maize grain and sorghum declined by 41% and 35%, respectively

 In August, the terms of trade for goats and the daily labor wage rate against maize grain improved by 66% and 71%, respectively compared to July. Similarly, the terms of trade against maize grain remained significantly higher than 2017 levels.

REST OF THE COUNTRY

 While the overall average retail price for maize grain declined by 18% in August, compared to July, due to improved supplies from the first season harvest, the price for sorghum remained fairly stable. In Lira, sorghum price reduced by 53%;

 In August, the overall average retail prices for maize grain, sorghum and beans were below 2017 levels by 48%, 32% and 19%, respectively. This is attributed to surplus in 2018, coupled with low demand. Beans and sorghum prices remained high in Gulu.