East Africa : National average price spreads for Maize
Maize prices in Eastern Africa are climbing, with South Sudan leading at USD 850/MT—up 4.4% due to currency depreciation linked to reduced oil revenues and export disruptions. Kenya’s prices rose 3% to USD 525/MT amid tight supply and feed demand. Tanzania saw a 2.8% rise, driven by regional demand.
South Sudan is reporting the highest maize prices in the Eastern African region, with a 4.4% month-on-month increase, reaching USD 850/MT.
This upward trend is indicative of persistent macroeconomic instability, notably driven by a significant depreciation of the national currency.
The currency’s decline is largely attributed to a reduction in oil export revenues, resulting from damage to key pipeline infrastructure traversing Sudan and disruptions in maritime shipments through the Red Sea.
Kenya continues to see rising maize prices for the fourth consecutive month, reaching USD 525/MT, a 3% increase from the previous month.
This trend is attributed to reduced domestic supply and growing competition between human consumption and animal feed demand.
In Tanzania, maize prices are increasing modestly by 2.8% month-on-month, reaching USD 305/MT. This is partly due to currency appreciation; however, Kenya’s rising demand is likely exerting upward pressure on Tanzanian prices, prompting stakeholders to urge close monitoring of maize outflows and internal stock levels.
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Source : The Star
