Figure 1 East Africa Regional Grain Trade Flow for the Week Ending 28 April 2018
The Week’s Market Analysis
- The week saw an unusual increase of Sorghum and Millet exports from Uganda to Kenya, in comparison to the previous week.
- The price of a bag of dry maize in Nairobi, drastically dropped to Ksh2,100/90kg bag, which left a number of traders stranded with maize in Nairobi.
- The price of fresh maize, continued to increase to Ksh40($0.4)/maize cob. Tanzania traders continue to enjoy handsome profits from fresh maize, while dry maize traders cannot find markets.
- There was a nearly 300% increase of Maize exports from Tanzania to Kenya in comparison to the previous week.
Table 1- Market Prices for Select Markets in the East Africa Region for the Week Ending 28 April 2018, US$1=Ksh100.25
The Week’s Market Opportunities
- Betta Grains continues to receive various request to buy and sell commodities. Below is a table listing some of our clients request to find buyers and sellers. Kindly visit our eDuka page http://www.bettagrains.com/?page_id=1236 for a more up to date list.
Author; Fostina Mani, Betta Grains. Fostina.Mani@bettagrains.com, Twitter: @FostinaMani.
Acknowledgment: The data used for the analysis has been obtained from; IAM, Government of Kenya, Ministry of Agriculture, Livestock & Fisheries, Government of Tanzania, Ministry of Trade and Industry, EAGC, RATIN, Farm Gain Uganda, FEWS NET, & Betta Grains.
Disclaimer. Due to unavailable of data on various border points on formal cross-border trade flows and volumes in the public arena. The volumes indicated above are mostly from the informal cross-border data that is available to the public. The purpose of the analysis, is simply to provide an indication of the East Africa Regional Trade flow to SMEs, Smallholder Farmers, and Other Stakeholders in a manner and language that is applicable, simple, and makes sense. Those desiring to obtain actual trade volumes are advised to contact various internationally funded government projects that have been mandated to provide the regional trade data for public good.
©Betta Grains 2018