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Rice prices in Uganda more than doubled over recent months after the government banned rice growing in wetlands, causing countrywide shortages. Mills in Busoga and Bukedi have closed for lack of paddy.
Imports from Tanzania have not covered the shortfall, and farmers have petitioned Parliament.
A local supply shock in Uganda affects regional rice availability and prices but is too small to move global rice benchmarks much.
monitor.co.ugYahudu KitunziJun 3, 2023After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
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.
