Why the government hasn’t released the new maize prices
Deputy President claimed that in order to prevent price instability and commercial harm, they are keeping an eye on market dynamics before releasing new maize prices .
Before announcing the price at which it will purchase maize from farmers during this harvest season, the government is still keeping an eye on market dynamics.
Rigathi Gachagua, the vice president, stated Monday night that the administration had allowed market prices to stabilize before establishing a standard price.
We also don’t want to upset privately owned companies because the government might have set a price that is less than the going rate, the man added.
In an interview with Citizen TV, the DP claimed that millers are currently paying between Sh4,000 and Sh5,000 each bag of 90 kg of corn.
The National Cereals and Produce Board (NCPB), according to farmers from Trans Nzoia, has not been purchasing their maize, leaving them at the mercy of brokers, they claimed on Sunday.
The farmers claimed that, compared to eight months previously, they were now charging brokers between Sh3,000 and Sh3,500 for a bag of 90 kg of maize.
A farmer from Trans Nzoia named Andrew Sebei said, “We are pleading with the government to announce new maize prices to shield us from this exploitation.”
Amid increased living expenses, farmers want the price set at between Sh4,500 and Sh5,000.
In order to retain at least one million bags of maize as part of the strategic food reserve, Gachagua reassured farmers that the government would publish the pricing in due course.
The DP declared, “The government has good plans,” and urged young farmers to take advantage of their renewed registration in order to gain access to subsidised fertilizer for the upcoming planting season.The government is currently reviewing before making a decision, therefore I would like to advise our farmers to keep selling their corn to the open market, he said.
The DP stated that in order for the government to quickly purchase corn through the National Cereals and Produce Board after determining the need for government intervention, we must first examine market forces.
He made these comments the day after President William Ruto announced that his country will begin importing yellow corn for cattle.
According to Ruto, agriculture accounts for a large portion of the cost of life, so strengthening farmers is a key objective.
New maize prices
