Docstoc

15 Minutes Radio Program

Document Sample
15 Minutes Radio Program Powered By Docstoc
					Email: katovu75@yahoo.com Website: www.ugandamarkets.com Week market report No. 046 14 Nov, 2008.

The NEW Market Information Service, Tel: 0782-368289 Email: katovu75@yahoo.com, Website; www.ugandamarkets.com Author: Albert Katovu. This "Market News" is brought to you by Market Information Service. You can have commodities prices via SMS by simply sending text to 8198 or 198 for subscribers on MTN, Celtel, Warid and UTL. For example: Maize. Highlights: Late seasonal rains slows down produce trade/destroys crops. The weather was wet and windy with a fairly distributed rainfall across a wide section of the country. Some areas especially in east were reminded of the 2006 rainy season that left the region covered with floods. The northern region also received a lot of continuous rainfall for the past fortnight destroying some crops. It is needless to mention the central region likewise was all wet. This affected the market this week registering slow business as traders and farmers await the after month effects of the bad weather. The public in general purchased less though the previous week however, the stoles were half full due to delivery problems. Supply of some commodities was regulated by the transit traders in order to create some effective demand and therefore stabilized market prices. The Maize grain price continue to soar high as the new maize harvest is evident in the market with some green maize cobs on sale and a hiked off lorry price ranging between UShs.670695/kg. Farmers are regulating the supply of the old stock grain. Transit traders at Kisenyi are not certain to what the course of this price fluctuation is, given the fact that there is not such a huge demand so unusual especially when the big grain processing companies like Aponye and Primere are currently purchasing low. Maize flour price remain stable because of the low demand since trade is low especially across border countries. The low trade is brought about by the poor road network conditions to Sudan. The wet climate has affected the grain business and other sectors that have had merchandise cross over to Juba. On the other hand the consumer price may have to go up in the near future as the millers have vowed to pass on the burden to the consumer. Currently a 100 kilogram sack is wholesaling at Ush.110, 000-115,000. Beans supply was regulated to generate a good price, which saw the market price stumble a little. The Bulk purchases are presently low since the moisture content of produce currently supplied is very high at averagely 18%-22% indicating fresh beans supply. At this time of the season, traders normally purchase low because of fear in weight loss and rotting as the produce gets dry. This has had a negative effect on the price of beans since demand is dependant on the local market yet the supply is good. K132 beans were offered at Ush.950-1000/kg off lorry Kisenyi while in Owino, it cost Ush.1100-1200/kg. Rosecoco beans were offered at Ush.1050-1120/kg in Kisenyi market and in Owino market, a kilo sold at Ush.1180-1300 depending on the quality. White beans went for Ush.1000-1100/kg in Kisenyi market. There was an increase in supply of soya beans especially in Owino and Kisenyi market which resulted into a drop in price by Ush.200/kg at wholesale. At the moment supply is coming from Bunyoro, Soroti district and the Republic of Rwanda with off lorry prices at Kisenyi and Owino ranged between UShs.1050- 1100/kg averagely. The market was supplied with good quantities of groundnuts from Gulu, Arua and Hoima. Kampala off lorry price was registered at Ush.1350-1400/kg. There was no change in the The report is compiled in collaboration with Uganda Commodity Exchange (UCE) 1st Floor Northern1
Wing, Social Security House, Jinja Road, Kampala.

Email: katovu75@yahoo.com Website: www.ugandamarkets.com Week market report No. 046 14 Nov, 2008.

wholesale and retail prices around Kampala markets. Some groundnut supply was recorded from across the border of Tanzania which is clearly demonstrated by the package material. Approximately 8 tones were delivered to Owino market. Matooke price shot up at retail with a bunch of about 15kgs at Ush7, 500 for the highly priced Mbarara Matooke. Fresh cassava and Irish potatoes were supply low however; Nakawa and Kalerwe received a considerable amount of cassava and sweet potatoes. The fresh commodities continue to sale low due to a continuous good supply facilitated by a good weather in the rural areas although there was less cassava and Matooke supplied as a result of trade regulation for better prices and the bad weather that has delayed supplies. District Briefs: Masindi: Very little rain was received this week in the district. The effects of the heavy rains a few weeks back can still be felt especially on the heavily spoilt roads. The main Masindi-Kigumba road is indeed very bad and damaged. The roads leading to the trading centres of Kitengule, Alimugonza, Kitanyaata and Waiga are very bad and yet these are areas of high maize production. In Nyantonzi parish, Budongo Sub County, farmers have already begun harvesting millet but the price is still very high. Millet grain is at Ush.400 per cup, beans are selling at Ush.800/kg while maize can be bought from the farmers at Ush.500/kg. Much as the price seems to be lower, access to the area is limited due to bad roads. Coffee buying is in high gear in and around Masindi but what the traders from Luwero and Masaka are doing to the coffee sector in Masindi is not good at all. They are buying the berries from the trees as in purchasing plantations and later on gain full control of the harvesting. Now that the harvesting is here, they are removing whatever berries are on the trees including even the flowers. The coffee industry here is now at risk. Masaka: The general food price level is high and this was factored in by the previous low rainfall received in the first season. Beans offered are highly priced. A kilo of K132 beans was offered at Ush.1500/kg. This by Masaka market standard is high and is expected to drop in the future when the supply of fresh beans intensifies. Maize grain at Ush.575/kg wholesale indicates that the harvest season is not yet on. The food basket has been heavily subsidies by the current supply of sweet potatoes and fresh cassava. The stocks of Irish potatoes from Rakai and parts of the district are also not yet on the market and this explains the high Irish wholesale price at Ush.650/kg Soroti: The rains finally subsided but left some areas in a flood-like situation with a lot of water logged around especially in Katakwi and Amuria districts where some bridges have collapsed due to the down pour. Some crops were affected. The market trend registered minimum changes especially for items like groundnuts. The retail market price dropped from Ush.1700/kg to Ush.1600/kg due to less demand at local market level. Wholesale price stabilized at Ush.1300/kg. The buying price for Serenut 4 groundnuts is currently at Ush.1, 200/kg while the price of red beauty variety costs Ush.1, 500/kg (shelled). A basin at the rural markets costs Ush.7, 000– 8,000 depending on the variety. The wholesale price for dry cassava chips remained stable at Ush.500/kg, while the retail price also at Ush.600/kg. The bad weather has interrupted with both demand and supply forces. Large beans (K132) stabilized at Ush.1, 300/ kg, while the retail price also at Ush.1, 500/kg. The wholesale maize grain price this week remained stable at Ush.600/kg, while the retail price also at Ush.700/kg. Buying price for maize grain was registered at Ush.550/kg

The report is compiled in collaboration with Uganda Commodity Exchange (UCE) 1st Floor Northern2 Wing, Social Security House, Jinja Road, Kampala.


				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:23
posted:11/29/2009
language:English
pages:2