Average retail prices for maize and sorghum reduced by 6% and 20% respectively in January 2017 compared to December 2016 due to the December harvest. However, prices for the two commodities were higher during the month compared to January 2016 and the long-term average (2013-2016).
Average retail price for beans was higher during the month more especially compared to the long-term average (2013-2016) by 25%.
There was a deterioration in terms of trade for both casual labour and goats against maize grain due to reduced goat prices and casual labour wages.
REST OF THE COUNTRY
There were no significant changes in the average retail prices for maize grain, sorghum, beans and maize flour in January 2017 compared to December 2016.
However, compared to January 2016, price for all commodities were higher this year by 46%, 30%, 9% and 32% respectively. Soroti experienced the highest price increase for cereals (maize grain/flour and sorghum).
Average retail prices for maize grain and beans are expected to continuously increase in February and March 2017 as stocks reduce. Prices are also expected to be higher than the prices in 2016 and the long-term average 2013-2016.