Figure 1 East Africa Regional Grain Trade Flow for the Week Ending 10 August 2018
The Week’s Market Analysis
- The price of wheat in Burundi drastically dropped from Ksh81($0.80)/kg, the week ending 3 August 2018 to Ksh63(US$0.62)/kg the week ending 10 August 2018.
- The price of Dolichos (Njahi) has started dropping in Kitui from Ksh150($1.49)/kg the previous week, signalling increased supply of the commodity in the market.
- The price of green grams in Eldoret also dropped from Ksh116($1.15)/kg week previous week to Ksh100($0.99)/kg. The price drop is a result of the new green grams harvest supply in the Eldoret market.
- In an unfortunate turn of events EAGC has decided that RATIN data will be limited to only authorized subscribers, which is the complete opposite, and a shocking drastic turnaround of the very reason, mission and existence of RATIN, which was a way or tool that quickly allows farmers, traders and processors to get regional market information anywhere, anytime, for more efficient and competitive transactions in food trade between surplus and deficit regions. We respect EAGC’s decision and wish them well in their new strategic direction for RATIN.
- Betta Grains continues to be committed to pushing for Africa’s open data in agriculture because we believe in a green revolution for Africa, which will only be achieved by taking market information to smallholder farmers, traders and processors. We are therefore reaching out to any organizations, governments, individuals, and development partners interested in pushing for open data in agricultural markets to partner with us in ensuring Africa has the big data that is key to Africa’s green revolutions.
The Week’s Market Prices for Select Market
Table 1- Market Prices for Select Markets in the East Africa Region for the Week Ending 10 August 2018, US$1=Ksh100.70
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