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Mango Prices Drop By Half

1 Nov 2010 10:26 | Agricultural market

Uganda - Boosted by increased supply and the entry of a new harvesting season, commodity prices have slightly dropped to the advantage of consumers.

This is expected to improve further due to the current rains, which have boosted farmers' activities.

The harvesting season has forced mango prices to drop from Shs4,500 in August to the current Shs2,000 per kilogramme.

Although the demand for mangoes is currently high, there is enough supply to satisfy the market thus the low prices.

The high market demand for local mangoes hinges on their preferred sweetness compared to the imported ones.

Traders in Kampala markets including Nakasero, St Balikudembe, Nakawa and Wandengeya anticipate prices to drop further as a result of more harvests.

Mr Vincent Muhoozi, a price analyst at Nakasero Market, told Saturday Monitor that most parts of the country have registered good yields.

Other commodities that have witnessed a drop in prices include; vegetables, tomatoes and carrots among others. However the same cannot be said for pineapples that have instead registered increased market prices.

A trader at Nakawa Market told Saturday monitor that pineapple prices have increased from Shs2,300 to Shs3,500 for the bigger pieces.

 

Source:  allafrica

Rubric news: Agricultural market

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