TOP
Thursday,October 24,2019 05:47 AM
  • Home
  • Archive
  • Fresh harvests force commodity prices down

Fresh harvests force commodity prices down

By Vision Reporter

Added 8th April 2006 03:00 AM

COMMODITY prices have finally buckled for the first time in four months after fresh harvests started flooding the market.

By Ibrahim Kasita COMMODITY prices have finally buckled for the first time in four months after fresh harvests started flooding the market.

All the city’s main markets are now stocked with fresh supplies from the rural farmers, according to The New Vision weekly survey.

These have helped bring down the prices.

“Rains have brought about maturing and ripening of drought resistant crops. The farmers were also quick to plant vegetables as soon as the rains begun. That is why we now have excess supplies,” said John Wasswa, a trader at Nakasero Market. Wasswa also attributed the fall in prices to the need by traders to dispose off old stocks and replenish with new ones.
Dry beans at St. Balikuddembe Market now cost sh950 a kilogramme, down from sh1,400 on average four months ago.

Fine maize flour is down by sh200 from sh1,000 a kilogramme.

Simsim and groundnuts previously sold at sh2,000 a kilogramme, have drastically fallen to sh1,200 a kilogramme. Cassava flour is down to sh500 a kilogramme from sh600.
Ends

Fresh harvests force commodity prices down

Related Articles

More From The Author

Related articles