Rising maize price signals expensive food reserve refill
Thursday January 07 2021
By GERALD ANDAE
Summary
The government insists that it will not buy maize from farmers to refill the SFR, but will instead buy it at market rates from the National Cereals and Produce Board (NCPB).
The State has been buying maize before through NCPB for the SFR stocks, which needs to have a minimum of three million bags for emergency use in times of famine.
The maize is normally released to millers at lower cost to check the rising cost of maize flour to protect consumers.
The State is staring at expensive maize when replenishing the Strategic Food Reserve (SFR) stocks as the cost of staple continues to go up amid empty stores.