Over 200,000MT trade contracts signed at Regional Grain Trade B2B, Kigali

PRESS RELEASE
Eastern Africa Grain Council (EAGC) and USAID East Africa Trade & Investment Hub Host Grain Trade Facilitation Forum in Kigali, Rwanda

[Kigali, Rwanda – November 28, 20172017]. East Africa’s grain stakeholders convened for a regional trade facilitation meeting in Kigali Rwanda on 29th November 2017.The forum, which was organized by the EAGC and the USAID East Africa Trade & Investment Hub deliberated on issues impeding the trade of rice and other grains in the East African region. Trade agreements for different grain commodities amounting to over 200,000MT and valued at 80 million dollars were signed.

Rice production within the East African Community (EAC) has been gradually increasing, though it still doesn’t meet market demand, partly due to inadequate market linkages from surplus to deficit regions and unfavorable trade policy. To compensate for the trade deficit, EAC countries import a substantial amount of rice, valued at approximately $500 million a year, from countries in Asia.

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