A 90Kg Bag of Yellow Beans Trading At 14,000 Shillings in Nairobi

By Lynnet Okumu / Published September 1, 2022 | 12:54 pm

KEY POINTS

One kilogram of the same yellow beans is retailing for 180 shillings while half a kilo is 90 shillings in the same region.

Beans with a high supply across the country will fetch a lower price compared to those that thrive in specific areas

KEY TAKEAWAYS

The cost of other legumes such as groundnuts has also jumped to its highest since the beginning of the year 2022. A 50 Kilogram of red groundnuts now retails for up to 10,000 shillings while a kilo of the same is retailing at 200 shillings.

The market for beans is overwhelming, both locally and internationally. They particularly fetch better prices when it is not harvesting period and currently, the price per 90-kilogram bag for the yellow beans is 14000 shillings in Nairobi.

This is an increase of over 5000 shillings within a span of just two weeks according to traders at Fig Tree ad Marikiti markets.

One kilogram of the same yellow beans is retailing for 180 shillings while half a kilo is 90 shillings in the same region.

Beans with a high supply across the country will fetch a lower price compared to those that thrive in specific areas.

As compared to yellow beans, other bean varieties such as Rose Coco, Nyayo, and kidney beans for instance cost much less and are available in massive quantities. A 90 Kilogram of both Nyayo and Rose Coco is currently retailing at 11,000 shillings in Nairobi and Mombasa

Meanwhile, A 90KG of black beans, or Njahi as it is commonly known, is selling at 8500 shillings, while one kilogram is being sold at 140 shillings.

Muthokoi (maize without husk), is retailing at 8,100 shillings for 90 Kilograms. The wholesale buying price for the commodity per kilogram is 90 shillings, while its selling price per kilo is 120 shillings. A half kilo of the commodity costs 60 shillings across different wholesale and retail shops in Nairobi.

Traders buy the commodity at a wholesale price of 160 shillings per kilogram, thus getting the 50Kg at approximately 8000 shillings.

Irrespective of the type of these legumes, there is always a market. Also, since it is a grain, the traders say that you can store and sell it when the prices are high.