The Week’s Market Analysis
- The highest traded commodities were Beans (3,687.53MT), Maize (2,522.80MT), Millet (2,207.70MT), Sorghum (1,567.98MT), Rice (1,246.94) and Wheat (1,109.52MT).
- There was increased export of Wheat, Maize, Peas and Ground Nuts from Rwanda to DRC.
- Tanzania continues to experience a Pigeon Peas glut with Dodoma reporting prices of Ksh10($0.10)/kg. The low prices have forced many Tanzania traders to deliver pigeon peas and dolichos to Nairobi at very low prices, as many attempt to off load their commodity for fears of huge loses. It seems Tanzania constant border closure as trade barriers towards Kenya has come to bite the country.
The Week’s Market Prices for Select Markets
Table 1- Market Prices for Select Markets in the East Africa Region for the Week Ending 21st October 2017
The Week’s Market Opportunities
Betta Grains continues to receive various request to buy and sell grains and cereal. Kindly visit our eDuka page https://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.