Increasing Food Prices and Implications on the Ugandan Economy

Since the global food price crisis of 2007/08, the price of major food commodities in Uganda has continued to rise.The price of maize grain, for example increased by 90% - from UGX 400 in 2007 to about UGX 750 per kg in 2008 (Figure 1). In 2010 the price of maize grain reduced to UGX 390 but later hiked by 250% to UGX 1,400 in mid-2011. Since then the price has remained above UGX 1,000 per kg. In case of beans, the retail price reached UGX 1,300 per Kg in 2008, and hit the record high of about UGX 2,500 in the second quarter of 2011 and has remained above UGX 2,000 per kg. (Click to download the file below to read the full article).