Uganda Monthly Market Monitor, March 2018: Issue 48
Compared to February, the overall average retail price for maize grain and beans were higher in March by 8% and 5%, respectively. Prices for maize grain, was mainly high in Abim (29%), and Amudat (25%);
The prices for staple foods continue to be below 2017 average, reducing by 36%, 33% and 15% for maize grain, sorghum and beans, respectively, due to a better harvest towards the end of 2017. Price declines were noted across all districts, more so in Nakapiripirit,
Kaabong and Abim;
Similarly, in March, the average retail price for maize grain and sorghum were lower than the long term (2013-2017) average by 13% and 11%, respectively, significantly in Nakapiripirit and Abim;
- The terms of trade for goats against maize grain improved by 3% in March, due to an increase in goats prices while those for the daily labor wage deteriorated by 10%.
REST OF THE COUNTRY
In March, the overall average retail price for maize grain, sorghum and beans were relatively stable, compared to February. Prices for beans and maize grain remained higher in Kampala, by 11% and 10%, respectively, due to increased demand;
The overall price for maize grain and beans in March were below 2017 levels by 24% and 14%, respectively, with prices falling significantly in Tororo and Soroti;
In April, through May, average retail prices for maize grain, sorghum and beans are likely to increase, but minimally, due to demand coupled with tight supplies.