Figure 1 East Africa Regional Grain Trade Flow for the Week Ending 29 June 2018
The Week’s Market Analysis
- Kenya continued importing maize (3,706.72MT) from Uganda, an increase in comparison to the previous weeks (2,835.42MT). Kenya currently has a lot of maize which has caused the price of maize to drop. According to the Government of Kenya, Ministry of Agriculture, a bag of maize in Nairobi is currently selling at Ksh2,600(US$25.77)/bag or Ksh29(US$0.28)/kg, Eldoret Ksh1,800(US$17.84)/bag or Ksh20(US$0.19)/kg; and Kitale Ksh1,900(US$18.80)/bag or Ksh21(US$0.20)/kg.
- The week’s unusual trade flow was Uganda exported a lot more soya beans (260MT) to Rwanda, in comparison the previous three weeks.
- Tanzania continues to export a lot of rice (3,916.40MT) to Uganda, the total for June 2018 currently stands at (13,762.82MT) and increasing.
- Kenyan farmers continue to look for markets for their green grams, Nairobi traders are currently buying between Ksh4,500(US$44.61)/bag to Ksh5,000(US$49.57)/bag, or Ksh45(US$0.44)/kg to Ksh55.5(US$0.55)/kg. The price remained fairly stable during the week and did not drop as anticipated.
The Week’s Market Prices for Select Markets
Table 1- Market Prices for Select Markets in the East Africa Region for the Week Ending 29 June 2018, US$1=Ksh100.86
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