Euku says he spent unspecified amount of money to prepare the garden, buy fertilizer and harvest his rice.
Rice farmers in Teso sub region are counting losses following a drop in the price of rice. A Kilogram of rice now costs between 1800 and 2000 shillings from 3000 shillings. Farmers from Katakwi, Amuria and Serere districts are most affected by the price drop.
Farmers from the three districts say they are forced to sell their produce at a giveaway price because of limited market. Solomon Euku, a farmer from Abia village in Gweri sub-county of Soroti district says that this time around he failed to recoup the money he invested the rice production.
Euku says he spent unspecified amount of money to prepare the garden, buy fertilizer and harvest his rice. He however says that because of limited market he was forced to sell his rice harvest at 1700 shillings each Kilogram. Harriet Catherine Isia, a mother of two and resident of Obur village in Asamuk Sub County in Amuria district says that she sold her rice at a loss of 500, 000 shillings.
David Akol, an operator of a rice mill says they are overwhelmed by farmers who are flocking the mill to shell their rice to get money for Christmas. He says the bumper harvest forced traders to cut rice prices.