Commodity traders have blamed the shortage in supplies and rise in prices on yields from the previous seasons
Written by Vincent Kasozi on July 5, 2022
Commodity traders have blamed the shortage in supplies and rise in prices on yields from the previous seasons which were caused by the February-March drought.
Hassan Nviiri the chairperson of Kisenyi Miller’s Association says the season led to low maize supply against high demand and saw the price rise to 2050 up from 1,300 Shillings.
Nviiri adds that they sometimes get maize from Tanzania, but the high fuel costs increase the transport fares.
According to statistics from the Uganda Bureau of Statistics, maize flour prices in the country increased by over 46 percent, and this was one of the major contributors to the country’s inflation rate which stands at 6.8 percent as at end of June.
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