Business
Yellow banana scarcity hits cityPublish Date: Jul 12, 2014
Yellow banana scarcity hits city
  • mail
  • img
newvision

By Drorence Batenga

The yellow banana is one of the many fruits whose price has increased in the recent past.


Four weeks ago, a piece cost sh300, while a cluster cost between sh2,500 and sh3,000. However, a cluster now costs between sh5,000 and sh6,000.

Traders in different markets attributed the escalating sweet banana prices to a number of factors.

Fred Kajubi, a trader at Kibuye Market, says there is scarcity on the local market occasioned by the regional demand, where they fetch high prices.

Some of the regional markets the bananas are being exported to are Kenya and South Sudan.

Other reasons, Kajubi said are drought in some of the producing areas and poor farming methods.

He said the month of Ramathan is also affecting availability of the bananas on the market and pushing the prices higher because Muslims consume it a lot.

Mama Isma, who operates at Nakasero Market, agrees saying, the Muslims use the sweet bananas to break the fast.

“So, the demand for the banans is high among Muslims,” she says.

Mama Isma also pointed out that since the sweet bananas are not a “harvest and eat” fruit, there is need to exercise patience as the farmer or trader waits for it to ripen before selling it.

“Most of the stock that I have is still raw. It may take about a week before it ripens,” she adds.

Mandela Niwagaba, another trader operating at St. Balikuddembe Market, says the bananas have also been hit by the bacteria wilt in some producing areas like Mbarara and Mbale.

Reduced supply from farmers coupled with high transport costs from up-country to markets in Kampala also discourages traders from investing in the delicacy, according to Niwagaba.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
West Nile grid extension on schedule
THE West Nile power grid extension from Nyagak Hydro plant to the rest of the districts is moving steadily with over 46% of the work on the sh44 billion project...
Gov’t allocates sh10b for tarmacking roads
GOVERNMENT has earmarked sh10b for the tarmacking of roads intended to enhance commerce, reduce dust and facilitate mobility in 26 town councils...
Local govt asked to participate in alternative energy planning
Ministry of energy officials and experts from GIZ have urged local government leaders to participate in developing affordable and efficient sources of energy at district level to light up districts instead of the long waiting for the central government to do for them what they can do themselves....
Central Bank begins financial literacy campaign in schools
Bank of Uganda has started a campaign to boost people’s understanding of economic issues affecting them so that they can identify opportunities to exploit....
Shipping firm chief accountant charged in MTN $3.8m fraud
The chief finance officer of Three Ways Shipping Company has been charged with embezzling $3.8m (about sh10b), belonging to telecom company MTN....
Kabila fires CEO of state miner Gecamines for "gross negligence"
Democratic Republic of Congo's President Joseph Kabila has fired the chief executive of the country's state mining company Gecamines for "gross negligence", according to a presidential decree read out on the state television channel....
Should private schools and institutions be given tax exemption?
Yes
No
Can't Say
follow us
subscribe to our news letter