Price of Cooking oil, Rice and other commodities set to rise in October.
Price of Cooking oil, Rice and other commodities set to rise in October; This is according to a report from the Agriculture Sector Survey Report released by the Central Bank of Kenya (CBK) on Friday.
Similarly, beans and green grams are also set to increase based on the low production in the farms.
The report read,”The price of processed and unprocessed milk could creep up as farmers supplement the green pasture with processed feeds as they await the short rains to commence.”
“Sugar prices could be moderated by the expected reopening of sugar factories in October which may coincide with the sugarcane harvest,” the report added.
At the moment, A litre of cooking oil retails between Ksh320 – and Ksh350, while most 1 Kg rice brands retail at Ksh300. A kilo gram of sugar currently retails at Ksh210 and Ksh220 and a 500ml packet of milk retails between Ksh55 and Ksh60.
However, food stuffs such as maize, are expected to drop in October, because most parts of the country are currently harvesting.
The report read,”The Balance of Opinion points to a decline in the expected retail prices of grain maize and maize products in October 2023 with the ongoing harvest in most parts of the country.”
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