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Nile Breweries Limited honoured more than 500 barley farmers in Uganda's Sebei sub-region at its Cheminy drying facility in Kween as part of its Cheers to Farmers campaign. The company says it buys about 10,000 tonnes of barley a year and works with NARO on a new barley seed variety.
A guaranteed buyer and improved seed support local barley output and post-harvest drying, which could modestly steady Ugandan barley supply for brewers. The effect on global barley prices is negligible.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.