Buy-Import-Export Premium Grade UGANDA VANILLA BEANS                           Buy-Import-Export Un-Refined Raw SHEA BUTTER 

Uganda Commodity Prices rise as dollar fluctuates

Owino Market in Uganda

Owino Market in Uganda

Friday, 21 January 2011

A sharp increase in the international prices of commodities and a high dollar rate against the shilling has sparked a surge in prices local goods. Traders in downtown Kikuubo market are warning that prices could continue to increase which would result in a reduction in their profit margins

It is the begining of the year when most people are usually cash strapped but things are bound to even a worse turn as prices of basic commodities like cooking oil, soap and wheat flour increase.

A visit to downtown Kikuubo market reveals that the prices of these commodities have increased by between 5,000 shillings to 8,000 shillings.

20 liters Jerry can of oil has increased from 82, 000 shillings to 90,000 shillings while a carton of soap is retailing at 38,000 shillings from 32,000 shillings

For local manufactures of wheat flour, business is not smooth as usual as they are facing an acute shortage of wheat leading into an upward shot in prices of wheat flour.

A bale of wheat flour is retailing at 44, 300 shillings up from 39, 300. The traders are saying that they are going to reduce their stock as we near the election period.

Comments for Uganda Commodity Prices rise as dollar fluctuates

Average Rating starstarstarstarstar

Click here to add your own comments

Sep 06, 2017
Rating
starstarstarstarstar
Ecommodity Express NEW
by: Adam Smith

Thanks for the report.
You can also check our page here.
https://www.facebook.com/EcommodityExpress/

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Currency and Forex News .





Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page

then...

feel free to ask our business travel consultants.



Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.