Michel Walandama a trader said he has always sold his bunches at a give away price because they are very cheap in the market. He said a bunch which is bought from the farmer at 10,000 is sold at 8000 in the market, something that is continuing to harden their business.
Matooke traders in Bududa district are complaining about the
falling prices of Matooke in the region of Bugisu.
traders say previously the smallest bunch was Uganda shillings 10,000,
but now it is down to 2000, while the biggest that cost 50,000 is now
between 20,000 to 15,000.
Traders are now
appealing to the government to help them look
for markets outside the borders. Michel Walandama, a trader said he has
always sold his
bunches of matooke at a give away price because they are very cheap in
the market. He said
a bunch which is bought from the farmer at 10,000 is sold at 8000 in the
market, something that is continuing to harden their business.
//Cue in: “ari inga kekha…
Cue out… ni lipesi”//.
Paul Nashisa, another trader said the profit they are getting is
so little as compared to what they got few ago. He said most of the bunches that
he buys may accumulate 2000 shillings as profit without transport, something
that is equivalent to a loss.
//Cue in: "kamatoore kakwanabi ibeyi...
Cue out: ... inga khukulisitsaka."//.
//Cue in: “unyala wa cheke…
Cue out: … nga kakaga awo.”
Fred Musabi, the Bududa district Commercial officer said fall in prices is normal. He asked
the traders to stay calm as prices shall eventually normalize.
Felix Odong, the Bududa district production officer
attributed this to hard work by most farmers who have continued to produce Matooke
all over the country hence fall in prices. He however appealed to the central
government to look for a market so that traders can get livelihood.