Uganda Monthly Market Monitor, February 2018: Issue 47
In February, the average retail prices for maize grain and beans were relatively stable, compared to January. The average price for sorghum was slightly higher by 8% with the highest increase observed in Moroto and Napak at 20% due to reduced supplies. Similarly price for beans increased in Napak by 20%.
Compare to 2017, maize grain, sorghum and beans average retail prices fell by 30%, 22% and 16% respectively, with significant reductions seen in Nakapiripirit and Kaabong, due to the replenishment of stocks from the Sep‐Oct harvest.
There were slight changes on the terms of trade for goats and daily labor wage rate against maize grain.
The terms of trade for goats declined by 3%, while those for daily labor wage rate improved by 5%.
REST OF THE COUNTRY
The average retail prices for maize grain and beans were relatively stable in February, compared to January. Average price for sorghum increased by 8% due to low supplies. Mbale had the highest price increases for sorghum (27%) and beans (21%).
Compared to 2017, the overall average retail prices for maize grain and beans fell by 16% and 13% respectively, due to improved supplies. Sorghum price remained high by 7%, more so in Gulu (60%) and Kampala (30%);
Average prices for maize grain, sorghum and beans are likely to follow seasonal trends, with an increase expected in March, through April due low supplies on the markets and high demand