Tanzania, Feb 8 – East African country Tanzania is set to export at least 60,000 tonnes of rice to its neighboring country Rwanda. The country will transport another 84,000 tonnes of the locally produced commodity to Kenya.
The trading ties among the East African countries has cemented on the foundation of long-beneficial relationship. Rwanda and Kenya will be the key benefactors of the commodity to ensure food security for their citizens. Tanzania will equally rake in a bountiful harvest of revenue from the export receipts.
August harvest will increase the trade volume that would be an advantage for Tanzania in its export duties. Kenya will take the opportunity to stock the crop, as a preventive measure to escape any food insecurity scenarios that could cost the government more. The agricultural productivity is not at its prime, and with the addition of the tonnes of volume, Kenya could make use of the help.
Kenya remains the primary market for Tanzania’s locally produced rice, with Rwanda falling second in the pecking order.
The nation of Burundi will have a less busy trading activity in relation to export value courtesy of the country’s weak currency in the market. The economic environment has depreciated that has led to a low purchasing power due to political instability.
In the same trajectory of tragedy, Uganda on the other hand will decrease its exportation of rice to South Sudan, which is experiencing a similar scenario as Burundi with the country’s currency sinking.
In Kenya, rice prices have been increasing due to a decline in local production and expensive imports.
The Eastern Africa region could see more progress in the agricultural sector by implementation of better policies to suit the sector. This would help country’s boost the production level and ability to export more of the locally produced commodities other than to import.