Market Outlook: Rwanda

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Latest Prices Summary for Rwanda

As of 2026-05-04, the average retail market price for dry maize in RWA stands at 63,079 RWF per 90kg, slightly higher than the seven-day average of 62,540 RWF. Considering the last years' retail prices for dry maize, prices had a seasonal high of 65,873 RWF per 90kg and a seasonal low of 54,205 RWF per 90kg. Arbitrage profitability is currently above average. In various regions, prices vary, with AMAJVEPFO and UMUJYI WA KIGALI reporting the highest prices at 63,753 RWF and 63,462 RWF, respectively, while MAJYARUGURU and IBURASIRASUBA report lower prices at 62,315 RWF and 61,402 RWF, respectively. Overall, market prices show regional disparities but remain relatively stable.

Latest Prices Overview

Country Average
(As at 2026-05-04)
63,079 RWF
Seven Day Average 62,540 RWF
12 Month Seasonal High 65,873 RWF
12 Month Seasonal Low 54,205 RWF
Arbitrage Profitability
Current arbitrage conditions are ABOVE average (61/100)

Price Map

Regional Prices

Amajvepfo 63,753 RWF
Iburasirasuba 61,402 RWF
Iburengerazuba 62,616 RWF
Majyaruguru 62,315 RWF
Umujyi wa Kigali 63,462 RWF

Summary of Seasonality for Rwanda

Uganda's current (2026-05-04) seasonal price assessment for DRY MAIZE shows that market prices are 13641.00 RWF per 90kg ABOVE the 5-year average for June, indicating experiencing a seasonal stress conditions. The normal seasonal price for June is 49.00 ±4.00RWF, while the latest national average stands at 63079.00RWF per 90kg. End-of-month forecasts suggest a further change toward 58880RWF. In the long term, the current annual average remains 27.6% HIGHER than the 5-year seasonal average, highlighting continued price elevation.

Latest Seasonal Prices Overview

(For 2026-06-30)
Current Seasonal Price Assessment 13641 RWF ABOVE the 5-year average for June
(experiencing a seasonal crisis)
Normal Seasonal Price for June 49,438 ±4,716RWF
Latest Country Average Price
63,079 RWF
End of Month Seasonal Forecast 58,880 RWF
Long-term Seasonal Comparison

Monthly Seasonality

Regional Price Above/Below 5-year Seasonal Average

Amajvepfo +9,115RWF
experiencing a seasonal alert
Iburasirasuba +5,440RWF
experiencing a seasonal stress
Iburengerazuba +3,664RWF
experiencing a seasonal stress
Kisumu +4,762RWF
experiencing a seasonal stress
Majyaruguru +2,297RWF
experiencing a seasonal stress
Umujyi wa Kigali +4,953RWF
experiencing a seasonal stress

Summary of Latest Price Predictions for Rwanda

At 4 May 2026, the national average market price was 63,079.00 RWF, with forecasts indicating a strong decrease to an average of 58,880.00 RWF in June 2026. Regional projections show a varied pattern of price movements across the country. Meanwhile, declines are anticipated in MAJYARUGURU (-8.8%), IBURASIRASUBA (-2.6%).

Market Forecasts Overview

Latest Country Average
(As at 2026-05-04)
63,079 RWF
End-of-week Country Average Forecast
(For 2026-06-08)
59,727 RWF
End-of-month Country Average Forecast
(For 2026-06-30)
58,880 RWF
Regions with Forecasted Rising Prices
(End-of-month forecast for 2026-06-30)
IBURASIRASUBA: -1,430.00 RWF
MAJYARUGURU: -5,883.50 RWF
Regions with Forecasted Falling Prices
(End-of-month forecast for 2026-06-30)
MAJYARUGURU: -5,883.50 RWF
IBURASIRASUBA: -1,430.00 RWF

Country Average Price Forecast

Regional End-of-month Forecasts

Iburasirasuba Decrease -2.6%
Majyaruguru Decrease -8.8%

Trade Corridors Summary (2025Q1)

The trade corridors for agricultural products in Kenya encompass several key routes connecting major agricultural regions to crucial transportation hubs and markets. These routes include connections such as Eldoret to Nakuru and Nairobi, Nakuru to Naivasha and Nairobi, as well as routes originating from Mombasa to Nairobi and further inland to regions like Machakos and Makueni. Additionally, corridors like Gulu to Lira to Soroti in the northern part of the country facilitate trade from border areas. These corridors serve as vital arteries for the transportation of agricultural goods, facilitating domestic distribution and international trade, thereby contributing significantly to Kenya’s agricultural economy.

Trade Corridors (2024 Q1)

Eldoret⟶Nakuru⟶Nairobi
(Relative Efficiency Score: 0.24)
Nakuru⟶Naivasha⟶Nairobi
(Relative Efficiency Score: 0.85)
Kitale⟶Eldoret⟶Nakuru
(Relative Efficiency Score: 0.39)
Mombasa⟶Nairobi
(Relative Efficiency Score: 0.16)
Malaba⟶Eldoret⟶Nakuru⟶Nairobi
(Relative Efficiency Score: 0.43)
Busia⟶Kakamega⟶Eldoret⟶Nakuru⟶Nairobi
(Relative Efficiency Score: 0.24)
Isiolo⟶Nanyuki⟶Nairobi
(Relative Efficiency Score: 0.12)

Regional Centrality (2024Q4)

Iburengerazuba 0.9784
Majyaruguru 0.8652
Soroti 0.7531
Mubende 0.6897
Lira District 0.6342
Kapchorwa 0.5231
Iburasirasuba 0.4321
Amajvepfo 0.3678
Dar es Salaam 0.2546
Nairobi 0.1432
Kitui 0.0567

Market Volatility and Dependency (2025Q1)

Market Volatility Score Dependency Score Vulnerability Index
Iburengerazuba 0.9784 0.9784 0.9784
Majyaruguru 0.8652 0.8652 0.8652
Soroti 0.7531 0.7531 0.7531
Mubende 0.6897 0.6897 0.6897
Lira District 0.6342 0.6342 0.6342
Kapchorwa 0.5231 0.5231 0.5231
Iburasirasuba 0.4321 0.4321 0.4321
Amajvepfo 0.3678 0.3678 0.3678
Dar es Salaam 0.2546 0.2546 0.2546
Nairobi 0.1432 0.1432 0.1432
Kitui 0.0567 0.0567 0.0567

Volatility ranking/dependencies

Market Access and Efficiency (2025Q1)

Market Access Score Efficiency Score Integration Index
Iburengerazuba 0.9784 0.9784 0.9784
Majyaruguru 0.8652 0.8652 0.8652
Soroti 0.7531 0.7531 0.7531
Mubende 0.6897 0.6897 0.6897
Lira District 0.6342 0.6342 0.6342
Kapchorwa 0.5231 0.5231 0.5231
Iburasirasuba 0.4321 0.4321 0.4321
Amajvepfo 0.3678 0.3678 0.3678
Dar es Salaam 0.2546 0.2546 0.2546
Nairobi 0.1432 0.1432 0.1432
Kitui 0.0567 0.0567 0.0567