Sh9b Set For Maize, Beans
Sep 26, 2002
SH9b has been mobilised by the Uganda Grain Traders LTD (UGT) to pay farmers at harvest time for maize and beans early next year.
By Patrick Luganda
SH9b has been mobilised by the Uganda Grain Traders LTD (UGT) to pay farmers at harvest time for maize and beans early next year.
The move is aimed at boosting exports. The 16-member consortium of grain traders sold 31,000 tonnes to Zambia and Malawi in the last season.
Sh150 per kilo of export quality clean maize of below 14% moisture content and sh120 for uncleaned maize will be paid on delivery in Kampala.
Single colour export quality beans/Nambale with below 14% moisture content will fetch sh350. Uncleaned single colour/Nambale beans with 14-17% moisture will fetch sh320. The prices could be higher.
Addressing reporters in Kampala on Wednesday, Dr. Edward Rugumayo, the Minister of Tourism, Trade and Industry, hailed UGT for identifying a market to benefit Uganda farmers.
He called on other traders to team up to get market for the country’s produce.
“There is a big market for our products in other regions like the Middle East where there is a ready demand for horticulture products and goats. It is only important that we take care of the quality by ensuring that we stick to specifications,†said Rugumayo.
In an innovative move to bolster confidence in the market, UGT has announced a number of interventions to ensure that farmers produce as much as possible. The incentives take effect from January 2003 harvest.
“This initiative is fully supported by the Government and is designed to maximize output without risk of low farmer prices. Farmers should maximize output to maximize profit in the knowledge that UGT will buy all the surplus crop grown this season,†John Magnay, the chairman of UGT, said in a statement.
Ends
SH9b has been mobilised by the Uganda Grain Traders LTD (UGT) to pay farmers at harvest time for maize and beans early next year.
The move is aimed at boosting exports. The 16-member consortium of grain traders sold 31,000 tonnes to Zambia and Malawi in the last season.
Sh150 per kilo of export quality clean maize of below 14% moisture content and sh120 for uncleaned maize will be paid on delivery in Kampala.
Single colour export quality beans/Nambale with below 14% moisture content will fetch sh350. Uncleaned single colour/Nambale beans with 14-17% moisture will fetch sh320. The prices could be higher.
Addressing reporters in Kampala on Wednesday, Dr. Edward Rugumayo, the Minister of Tourism, Trade and Industry, hailed UGT for identifying a market to benefit Uganda farmers.
He called on other traders to team up to get market for the country’s produce.
“There is a big market for our products in other regions like the Middle East where there is a ready demand for horticulture products and goats. It is only important that we take care of the quality by ensuring that we stick to specifications,†said Rugumayo.
In an innovative move to bolster confidence in the market, UGT has announced a number of interventions to ensure that farmers produce as much as possible. The incentives take effect from January 2003 harvest.
“This initiative is fully supported by the Government and is designed to maximize output without risk of low farmer prices. Farmers should maximize output to maximize profit in the knowledge that UGT will buy all the surplus crop grown this season,†John Magnay, the chairman of UGT, said in a statement.
Ends