Convention 2018

24/05/2018

As vanilla prices shoot, farmers and dealers in Uganda seek ways to raise production

By DAVID TUMUSIIME
More by this Author

Vanilla farmers in Uganda have never had it better, with farm-gate prices standing at about $70 per kilo for the price-sensitive produce.

With a kilo selling at $500 on the world market — a jump from $300 in 2017 — both farmers and dealers are seeking ways of boosting production to satisfy the market.

The Uganda Export Promotions Board said that the country is targeting to export 100 tonnes of vanilla this year, from about 75 tonnes exported last year.

Noah Maalanti, the director of Africaug.com, a vanilla export firm, said the supply cannot match the demand in overseas markets, even as the prices continue to rise.

He said that a drop in the volume of exports registered in early 2014 was due to a fall in global market prices, which forced some farmers to abandon the crop.

“In early 2016, the export price was around $80. By the end of that year, it was around $100 and at the beginning of 2017 it rose to $300; it now stands at $500 per kilogramme.  Farmers should start planting more vanilla now,” said Mr Maalanti.

Farmers are upbeat about the current farm-gate price of $70 a kilogramme, compared with less than $1 in 2006.

According to Umar Kityo, a field officer of Mukono Vanilla Growers Association, there is hope that the prices of unprocessed vanilla will shoot to more than $80 per kilo during the harvest season.

In Uganda, vanilla is harvested twice a year— June-July and December-January.

“We are hopeful that the prices will keep going up,” Mr Kityo told The EastAfrican.

He added that their association is now looking at planting more vanilla so that they can match the global demand, and benefit from the high prices.

Theft cases

But Mr Kityo said that thieves have made the business less profitable for farmers. The competitive prices have led to a rise in theft cases; some farmers have had to hire security guards, adding to overhead costs.

Mr Kityo now wants the government to put in place laws that would deter the growing number of vanilla thieves who steal and sell immature beans thus undermining the quality on the market.

In Uganda, districts where vanilla is grown include Kayunga, Mukono, Mpigi, Jinja, Kamuli, Buikwe, Bundibugyo, Luweero and Kasese.

Globally, Madagascar leads in vanilla exports with 1,600 tonnes per year followed by Indonesia and France. Uganda comes in at 12th position with export revenue of $5.7 million, according to the latest (2016) statistics.

Source: http://www.theeastafrican.co.ke/business/Vanilla-prices-farmers-and-dealers-in-Uganda-raise-production-/2560-4396442-xykxuy/index.html






 
 

 

Central Scotland’s First Rum Distillery to Launch Crowdfunding Campaign in Response to Demand

Following overwhelming response to the launch of Central Scotland’s first rum distillery, Matugga Distillers is launching a £30K crowdfunding campaign.   Since the opening of the distillery in October, husband and wife ...
by wmutenza
0

 
 

THE IMPORTANCE AND RELEVANCE OF FRUGAL INNOVATION IN UGANDA

, Lecturer in Marketing School of Business, University of Leicester Exploring the nature and prospects of frugal innovation in Uganda and what are the opportunities that exist to foster frugal innovations in Uganda.   Dr W...
by wmutenza
0

 
 

Hon. Amongi Betty Ongom (MP), Minister of Lands on policies, legal frame work…

The Minister gave an overview of the housing sector in Uganda. She appreciated the fact that this year’s convention attracted a number of development companies from Uganda including Jakana heights, Roofings Ltd Uganda, Comfor...
by wmutenza
0

 

 

Lessons learned from the Uganda-UK Convention | Ade Daramy

By Ade Daramy, Writer, Broadcaster and Press Officer Is one question I will always get asked at least one question: “You’re not a Ugandan, and yet, you are here every year, why is that?”.   Ove the years, my answers ...
by wmutenza
0

 
 

Message from Vice Chairman, Uganda-UK Convention – Bernard R. Magulu

By Bernard R. Magulu, Executive Director, Bank of Africa (Uganda), (Vice Chairman, Uganda Convention UK) “Uganda the Land of Opportunities, Landlocked but Road Linked” the 360% Geographical Orientation for Investors providi...
by wmutenza
0

 

 

Examining free trade agreements (FTAs) and boosting intra-regional trade

Examining free trade agreements (FTAs) and boosting intra-regional trade Nicholas Tate, Managing Director, Tate Freight Forms Ltd. www.just-trade.co.uk In considering the positives and negatives of key agreements, are trade blo...
by wmutenza
0

 
 

Harnessing the potential of the youth to accelerate economic growth.

Presentation: Dennis Aguma, Lecturer, Kingston University, London Doctoral Student (PhD Entrepreneurship) Birmingham City University. In light of Uganda’s demographics, Dennis Aguma’s presentation was intended to challenge...
by wmutenza
0

 

 

Untapped investment opportunities Manufacturing | Agri-Business Health and Service industry

Panel discussion: untapped investment opportunities Manufacturing | Agri-Business | Health and Service industry Discussed points What are Africa’s Export Opportunities and Challenges to European and North American markets? Ho...
by wmutenza
0

 
 

INVESTMENT OPPORTUNITIES IN CONSTRUCTION, INFRASTRUCTURE AND REAL ESTATE

INVESTMENT OPPORTUNITIES IN CONSTRUCTION, INFRASTRUCTURE AND REAL ESTATE Panel discussion: 3-4 industry lead speakers from UK and Uganda HOUSING: Understanding market demand, and addressing the disconnection between the price o...
by wmutenza
0

 
 

Outlining the UK’s export growth strategy – Lord Dolar Popat

PRESENTATION: UK TRADE AND FDI – Outlining the UK’s export growth strategy By Lord Dolar Popat, UK Prime Minister’s Trade Envoy to Uganda and Rwanda   How can investment by the United Kingdom help improve skills in U...
by wmutenza
0

 

 

2018 | Welcome remarks: H.E Amb. Julius Peter Moto Uganda’s High Commissioner to the UK

H.E Amb Julius Peter Moto welcomed everybody to the 8th Annual Uganda – United Kingdom Trade and Investment Convention. He stressed that Uganda High Commission and Government of Uganda is happy to associate with Uganda UK Con...
by wmutenza
0

 
 

Thank you for supporting the 8th Ugandan Convention-15th Sept2018!

The Uganda UK Convention wishes to express its deepest thanks to Hon Betty Amongi Ongom, Minister of Lands Housing and Urban Development, Uganda and Lord Dolar Popat, UK Prime Minister’s Trade Envoy to Uganda and Rwanda. The ...
by wmutenza
0

 

 

UK suppliers sought for Uganda airport works

  UK suppliers are being sought for works on Uganda’s international airport. SBC (Uganda), a UK-incorporated joint venture between Colas and SBI International Holdings AG, are looking for UK contractors to work on the UK...
by wmutenza
0

 
 

UK company to construct New Ugandan Hoima International Airport | Uganda 8th Convention UK

Colas UK is a UK subsidiary of French civil engineering firm, Colas Group, and local construction company SBI. This   project, a Transport infrastructure firm will be supporting the construction of a new airport in Kabaale f...
by wmutenza
0

 

 

Universal Multi-purpose Entreprise group takes affordable housing investment to Ugandans in UK.

Affordable Housing is the leading real estate in Uganda managed by Universal Multi-purpose Entreprise group will be showcasing over twelve affordable housing projects in Uganda at the 8th Investment Convention scheduled for 15 ...
by wmutenza
0

 



0 Comments


Be the first to comment!


You must be logged in to post a comment.


 
WP Facebook Auto Publish Powered By : XYZScripts.com