Agricultural stakeholders have projected a price drop for five major food items this month.
As revealed in the Agricultural Survey by the Central Bank of Kenya (CBK) on October 14, Sugar is among the items that will drop in price this month.
Also listed were rice, wheat flour and maize flour.
Farmers also expect the price of milk to drop within the next 30 days.
Read More
As highlighted in the report the price drop will be experienced owing to the harvest that has been done in recent weeks.
Meanwhile, other food items such as vegetables are expected to witness a spike in prices due to the dry weather conditions in recent months.
"Most respondents expect prices of most sampled vegetable items to increase in October 2024, largely reflecting seasonality. These include tomatoes, carrots, kale- Sukuma wiki, spinach, vegetables, traditional vegetables, green maize and green maize -loose.
"Even though the average price of a kilogram of onions and tomatoes is expected to increase in October 2024, it is important to note that the prices remain relatively lower compared to the high prices experienced last year," read the report in part.
Price Outlook for October to December
While food prices are expected to remain moderately low, stakeholders expressed fears over the conflict in the Middle East.
According to farmers, the conflict could cause a spike in the price of fuel, further influencing the price of foodstuff.
"Inflation was expected to remain unchanged or even decrease, mainly on account of low food prices, and continued stability of the Kenya shilling and pump prices," CBK noted in its report.
"Those who expected an increase were mainly concerned about the possibility of La Nina conditions, which could undermine rainfall outcomes in October-December 2024 and possible increases in global oil prices due to the escalating Middle East conflict."
