By George Munene
Staple food prices in East Africa are expected to remain above average for the remainder of 2022 due to anticipated below-average harvests; high costs of production including fuel and fertilizers cost in Kenya, Burundi, Ethiopia, Sudan, and S.Sudan; below-average stored stocks; and localized market disruptions due to insecurity in Sudan, S.Sudan, and Ethiopia.
According to data from the Famine Early Warning Systems Network (FEWS NET), enduring currency depreciation and a lack of hard currency are also making it more expensive to acquire agro-commodities.
Maize prices increased in Uganda and parts of Tanzania due to supply from the below-average June to July harvest and regional imports.
Related News: Steep egg prices to persist until October on maize & soya shortage
Strong East Africa demand for maize caused by the drought continued to alter regional trade patterns. Many East African nations imported maize from Southern Africa (Tanzania, South Africa, Zambia, Mozambique) despite a double-digit harvest decline, causing an atypical increase in the price of maize in local markets of exporting countries.
In Kenya, livestock prices were stable due to improved fodder availability but prices were significantly above last year’s and the five-year average.
Related News: New international carbon credit market assist African farmers get loans
Related News: Rising wheat prices provides market opportunities for tuber farmers
International Markets
Global staple food prices decreased due to seasonal supply increases from harvests and the new agreement to open Ukraine’s seaports, and reduced market volatility.
Global fuel and fertilizer prices declined driven by softening global demand.
However, all prices remain above last year and the five-year average.
Related posts:
- Coffee farmers switch to horticulture for profits Hannah Wairimu has never regretted uprooting 100 trees of poorly performing coffee from her two...
- Eldoret exporter urgently buying red chilli An Eldoret based exporter Mace Food is looking for farmers to supply them with at...
- Company set to launch platform to connect banana, mango, passion, yellow beans, green grams and cow pea’s farmers to markets Wanda Agriculture Ltd, a company that was started seven years ago and has been involved...
- New sesame hulling plant launched in Ethiopia to provide farmers with ready market KROTAJ Tahini Manufacturers PLC (KROTAJ), an international partnership of sesame experts and investment professionals last...
- Nairobi modern farmers’ market set to connect food producers directly with consumers An artist’s impressions of the proposed Nairobi Farmers Market Kenyan farmers will soon have their...
- Western Kenya-based agro-processing firm offers ready market for pawpaw farmers Pawpaw farmers in Western Kenya on a field training by Great Lakes Breeders Limited agronomists...