Figure 1 East Africa Regional Grain Trade Flow for the Week Ending 25th May 2018
The Week’s Market Analysis
- There was increased soya beans trade during the week, Uganda exported (93.87MT) to Rwanda.
- Many traders reported high prices and difficulties in sourcing for soya beans in Uganda due to limited stocks of old harvest. Many Ugandan’s reported increased prices, which resulted in increased demand of Tanzania’s soya beans.
- Uganda is expecting the new soya beans harvest towards the end of June to early July 2018.
- An unusual trade flow pattern during the week was increased export of Yellow beans from Uganda to DRC (582.47MT), and Uganda to Tanzania (380MT).
- Tanzania exported unusually large volumes of rice (3,104.4MT) to Uganda. According to Farmgain Africa the large volumes resulted in a decrease in the price of Super rice in Kampala and other towns along Mbarara-Kampala.
- There was increased millet export from Uganda (1,353.95MT) to Kenya.
- Tanzania’s ground nuts exports to Kenya increased to 300MT during the week from 115MT the previous week.
The Week’s Market Prices for Select Markets
Table 1- Market Prices for Select Markets in the East Africa Region for the Week Ending 25th May 2018, US$1=Ksh101.41
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 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.
©Betta Grains 2018