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Commodity Watch

Millet and Red Sorghum Retail Prices Decline as Festivities Kick Off

BY Soko Directory Team · December 11, 2019 09:12 am

The retail prices of millet and red sorghum have gone down in December as compared to Soko Directory’s last market survey which was carried out in November.

The news comes as a relief for most Kenyan parents across the country because millet and red sorghum are popularly used for making breakfast porridge, owing to the fact that every school is closed for the December holidays.

Data collected from our market survey shows that the retail prices of millet and red sorghum have declined 2.7 and 3.24 percent respectively from November, in Eldoret, Nairobi, and Nakuru.

In Nairobi, the retail price of millet is currently 9,900 shillings, which is a drop from November’s price of 10,400 shillings per 90 Kgs. This means that a kilogram of millet is being sold at 110 shillings.

In Nakuru, a 90 Kg bag of millet is being sold at a market price of 6,300 shillings, a 6-percentage drop from November’s market price of 6,700 shillings.

Nonetheless, while Nakuru and Nairobi recorded price drops in millet, Eldoret recorded a 2.3 percent growth, with the commodity retailing at 8,900 shillings per 90 Kgs.

For red sorghum, the retail prices for every 90 Kgs in the different towns surveyed are as follows: 7,000 shillings in Nairobi, 6,700 shillings in Eldoret and 4,200 shillings in Nakuru.

Maize prices, on the other hand, have recorded a dramatic 17 percent drop in Eldoret from 3500 shillings in November to 2,900 shillings in December.

In Nairobi, the case is different as the price of a 90 Kg bag of maize has gone up from 4,300 shillings In November to 4,500 shillings in December.

In Nakuru, the price of maize has remained the same since November, where a 90 Kg bag is retailing at 3,400 shillings.

Here is a summary of commodity prices obtained during our market survey:

Read Also: Ndengu Retailing at Ksh 163 per Kilo as Christmas Approaches

 

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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