Kampala, Uganda | THE INDEPENDENT | The low prices of Vanilla has left farmers and exporters worried. In 2004, vanilla prices fell from about 150,000 shillings a kilogram to 1,000 shillings. This was the worst in the history of vanilla growing, forcing many farmers to cut down the plants and abandon …
Read More »Tea prices drop in greater Bushenyi
Kampala, Uganda | THE INDEPENDENT | Tea farmers in Greater Bushenyi are counting loses following a drop of tea prices by at least Shillings 200 per kilogram. Greater Bushenyi is comprised of Bushenyi, Mitooma, Sheema, Buhweju and Rubirizi districts. John Bomukama, a tea farmer in Bitooma Sub County in Bushenyi district, …
Read More »Qatar Airways cuts prices to woo customers
Kampala, Uganda | THE INDEPENDENT | Middle East carrier, Qatar Airways, is slashing prices by up to a quarter to customers, increasing competition in the aviation industry. The airline announced that it will offer passengers discounts of up to 25 % on all cabin classes. Passengers travelling with friends and …
Read More »Foreign coffee buyers push Kenyan prices 3-year high
Kampala, Uganda | THE INDEPENDENT | Coffee roasters and buyers flocking to Kenya in their annual pilgrimage for the pick of the crop have driven average prices for the beans to the highest level in three years. The cost of a 50-kilogram bag of AA grade coffee fetched $679 at …
Read More »Expect further rise in fuel prices – Hashi Energy MD
Kampala, Uganda | ISAAC KHISA | Peter Onasis Ochieng’ is the managing director of Hashi Energy. He spoke to The Independent’s Isaac Khisa about the current surge in fuel prices and the industry’s future outlook. What explains the current trend of increase in fuel prices in Uganda and the region? …
Read More »Maize flour prices in Kenya on the upward trend
Kampala, Uganda | THE INDEPENDENT | Maize flour prices in Kenya has increased by nearly third to Ksh 115 for the two kilogramme packet since the millers exhausted subsidised flour stocks. The country’s media reports indicate that the top retailers including Uchumi and Tuskys have exhausted the Ksh90 maize flour …
Read More »Kyambadde meets sugar millers over high sugar prices
Kampala, Uganda | GODFREY SSALI | Sugar millers under their umbrella association the Uganda Sugar Millers Association have denied allegations they are hoarding sugar so as to sell it at higher prices. Trade Minister Amelia Kyambadde summoned the sugar millers to a meeting Tuesday 5th December 2017 at the Ministry offices in …
Read More »World Bank expects higher oil prices in 2018
Kampala, Uganda | THE INDEPENDENT | Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing United States shale oil production, according to the World Bank’s Senior Economist John Baffes. …
Read More »SHs5000: Uganda sets maximum price for sugar
Uganda sets sh5,000 as maximum price for sugar; trade licences of hoarders to be revoked Government has intervened to control the escalating price of sugar in Uganda by setting a ceiling price of sh5,000. Addressing a press conference on Friday, Minister of Trade, Industry and Cooperatives Amelia Kyambadde directed that sugar be …
Read More »VIDEO: Uganda sugar price rise explained
VIDEO: The Uganda Sugar Manufacturers Association has attributed the sudden increment in the retail price of sugar to the shortage of sugarcane due to concentration of all manufacturers in one part of Busoga. The concentration has increased competition for canes – leading to most factories producing below capacity. NBS’ Sam Paul …
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