Figure 1 East Africa Regional Grain Trade Flow for the Week Ending 1st June 2018
The Week’s Market Analysis
- The price of beans drastically fell in Kampala. According to Farmgain Africa the beans market price dropped to its lowest in the last 5 years.
- The price of pigeon peas and cowpeas continues to drastically fall as Kenya begins to harvest. In most parts of Makueni, fresh cowpeas are being bought at Ksh15(US$0.14)/kg.
- The weeks unusual trade pattern included a drastic reduction of millet exports from Uganda to Kenya (306.43MT) in comparison to the previous week (1,328.85MT).
- Another unusual trade pattern was a drastic increase in maize exports from Uganda to Rwanda (1,263MT), in comparison to the previous week (834.49MT), probably maize destined for South Sudan, due to more favourable maize prices.
The Week’s Market Prices for Select Markets
Table 1- Market Prices for Select Markets in the East Africa Region for the Week Ending 1st June 2018, US$1=Ksh101.40
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