Maize Provides Increased Export Trade from Uganda, Ethiopia and Tanzania

Nov 2 , 2019


The presence of high demand in Kenya and the improving market functionality in South Sudan has led to increased export from Uganda with maize grain on top of the commodity trade in the regional markets in the third quarter of 2019. It is also expected that the availability of maize in the Eastern Africa region will be lower between July 2019 and June 2020 than the previous year. Uganda has expanded its supplies of dry beans to South Sudan while Tanzania and Ethiopia have increased their exports to Kenya, leading to the regional trade in dry beans exceeding the recent five-year average. As Uganda is the main producing country with Kenya and Somalia the main consumers in the regional markets, the June-to-July harvest was registered below to near average maintaining the last five-year average lever of maize production. Staple food commodity parity price trends (expressed in US dollars per MT) were relatively higher in Kenya, South Sudan, Rwanda and Burundi due to lower production, poor economic conditions and/or border restrictions. The tight supplies and the high costs of marketing in maize and sorghum would help maintain the elevated prices of these commodities in October 2019. Rice trade remained high because of persistent high demand in the region. Regional trade in livestock is expected to remain low between October 2019 and March 2020 as demand declines following the end of religious festivities during July-to-August.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email