Beans price expected on the rise in the near future.

July 10, 2017

The beans price was reported gradually increasing as the season unwinds. More beans supply was reported in rural markets, where recently, harvesting has taken place especially in the northern region. For instance, in Lira, the price of Nambale beans was recorded at Ugx.2100/kg while mixed at Ugx.1900/kg, Yellow beans was preferred at Ugx.2300/kg retail price. Other places which registered cheap beans included Mbale at Ugx.2000-2300/kg, Mbarara at Ugx.1800-2100/kg, Tororo at Ugx.2100-2200/kg etc.Traders from Kabale noted that there was restriction of mixed beans supply from Rwanda. Mixed beans were offered at Ugx.1500/kg in Kabale while single colour beans at Ugx.1800/kg.
The current coffee harvest has been one described by poor quality especially in the central and the eastern region. The coffee was affected by the previous dry spell and has led to the presence of a lot of black beans. In Kiboga, kiboko coffee was bought at Ugx.2000-2200/kg. There was equally poor quality coffee from the usual production locations such as Luweero, Mubende, Iganga among others. The best quality coffee, this season, was registered from Mbarara. Some parts of Masaka also registered some quality coffee. Major coffee buying houses offered to buy FAQ coffee at Ugx.5800-6500/kg depending on quality. In Iganga Kiboko coffee was bought at Ugx.2500/kg while FAQ (Kasse) at Ugx.5000/kg. Masaka traders offered their coffee at Ugx.5000-6000/kg.
In the Maize sector, the market price was expected to decline as more supply got to the market. The grain supplied is still wet with high moisture content. In the rural market, such as Masaka, Mubende, Kiboga and Masindi, it was purchased at wholesale price of Ugx.750-900/kg. Traders from Iganga delivered maize to Soroti and Mbale at Ugx.900/kg and Ugx.870/kg respectively. Maize was offered at Ugx.1000/kg in Mbarara due to limited supply. The crop yield their and the surrounding districts was highly affected by the dry season.
The market in Kampala received maize from the central region districts. The quality was affected by the current rainfall. The grain had high moisture content. Traders speculated that the market price in Kampala would drop to Ugx.500-600/kg in the future because of abundant supply this season. The grain price fell to Ugx.700/kg in Masindi but later stabilized at Ugx.800/kg wholesale price. Lira market also noted that it was receiving moisten grain as the season unwinds. Mbarara received some maize from Kibaale at Ugx.1000/kg wholesale price.
Farmgain Africa.

Leave a Reply

Your email address will not be published. Required fields are marked *