banner68
banner58

Prices of dry beans in Uganda  rise to an all-time high

Last year a kilogramme cost between sh2000 and sh2500. Now the same kilogramme costs sh4000.Traders say they expect the prices to decline after the harvesting season, which has started.

Prices of dry beans in Uganda  rise to an all-time high

Last year a kilogramme cost between sh2000 and sh2500. Now the same kilogramme costs sh4000.Traders say they expect the prices to decline after the harvesting season, which has started.

17 May 2017 Wednesday 11:41
Prices of dry beans in Uganda  rise to an all-time high

The rise of the prices of beans has been caused by the low supply of beans which  used to be one of the cheapest foodstuffs anyone could afford but this is not the case anymore.

Last year a kilogramme cost between sh2000 and sh2500. Now the same kilogramme costs sh4000.Traders say they expect the prices to decline after the harvesting season, which has started.

However, if the current rains do not favour the growing of beans that were planted at the end of March and beginning of April that means the prices will not go down. 

Aisha Nakawoza, a trader in Matugga Market explained that the rise of the prices of beans has been caused by the low supply of beans lately to the markets especially, yellow beans.

“Though the prices of beans went up last year around October and November, they were never this high. Then, a kilogramme rose from sh2000 to sh3000”, she explained adding that presently, there is a high demand for yellow beans from Sudanese traders.

Beans  used to be one of the cheapest foodstuffs anyone could afford but this is not the case anymore

The Sudanese buyers usually go down to Ugandan villages and buy the produce straight from the farmers’ gardens for double the amount the Ugandan buyers are willing to part with. This leaves the farmers with no choice but to sell to the highest bidder.

“We still get people to buy the beans but the ones who would buy five kilos, now take one or two” Martin Muwonge, a shopkeeper in Bwaise said.

Yellow beans in particular are in short supply.

“We buy the beans at a high price but the customers want to buy them cheaply” he said.

According to Muwonge they want to sell as fast as they can because when they overstay, no one wants to buy them because they are old.

Another trader from Kawempe Market, Ivan Senono, said to meet the demand, the yellow bean dealers have started importing the beans from Tanzania, which has forced the prices to go up from between sh3000 and sh3800 retail price to between sh4000 and sh4200. 

He warned that prices are expected to rise further in a few weeks since schools are set to reopen. Usually, there is a high demand from schools, so the traders use it as an opportunity to hike the prices.

Most schools prefer buying Nambale beans, which lately, sell for sh3800 per kilogram.

- See more at: http://www.newvision.co.ug/new_vision/news/1453451/prices-dry-beans-rise#sthash.yjwkrknF.dpuf

Updated: 17.05.2017 12:26
Comments
Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
<strong>Warning!</strong> Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.