Business
Yellow banana scarcity hits city
Publish 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
EADB to fund more projects in Uganda
The East African Development Bank (EADB) has received credit worth $40m (about sh104b) from the African Development Bank (AfDB) to finance infrastructure, manufacturing, tourism, agriculture, transport, education and health projects...
Quacks in construction industry a big threat to Vision 2040
Players in the construction industry have asked the Government to regulate it, saying increasing numbers of quacks will affect efforts to attain the Uganda Vision 2040....
NSSF to save Uganda Clays from collapse
It is now or never for Uganda Clays Limited (UCL). The National Social Security Fund (NSSF) has announced that it will convert a sh16.7b loan to UCL into equity in a bid to secure the company’s future....
UAE Exchange Uganda celebrates, brand turns 34 globally
UAE Exchange Uganda joins its global family in celebrating the 34th anniversary of the brand coming into existence...
Former health ministry accountant to go on trial over illicit enrichment
The Constitutional Court has ruled that the prosecution of former principal accountant, Ministry of Health, Nestor Machumbi Gasasira, should proceed in the Anti-Corruption Division of the High Court....
Martin Aliker is new NIC chief
Dr. Martin Aliker, the senior presidential adviser on special duties, has been appointed the acting chairman of the National Insurance Corporation, following the death of the chairman, Dr. Remi Olowude, last month....
Should diplomatic passports issued to ex-govt workers be with drawn?
Yes
No
Can't Say
follow us
subscribe to our news letter