Resources

The report analyzes the evolution of weekly maize and rice prices in four East African countries - Uganda, Kenya, Tanzania, and Rwanda - in October 2023.

After nearing record levels following the outbreak of war in Ukraine, implied volatility of maize and soybean is now below the historical average. This reflects large global harvests and large estimated closing stocks. By contrast, wheat prices have remained highly volatile, largely linked to uncertainty caused by the conflict. Ukraine's wheat production this year was 35 percent lower than pre-war levels and prospects for a rebound in 2024 are unlikely. While shipping has resumed out of the Black Sea ports through the so-called humanitarian corridor, persistent attacks on export infrastructure continue to roil markets. Meanwhile, rice prices have declined in the past few weeks, reflecting a smaller-than-anticipated impact of El Niño on production, and prompting some countries to reverse market-distorting policies.

The report analyzes the evolution of weekly maize and rice prices in four East African countries - Uganda, Kenya, Tanzania, and Rwanda - in September 2023.

The report presents price trends and movements for key food commodities, including dry beans, dry maize, rice, wheat, and Irish potatoes, for September 2023, in selected major regions and markets in Kenya.