Area
Kenya
Commodity Group
Grains
Commodity
Maize
Date
12/05/2019
Policy Category
Stocks
Policy Instrument
Stocks release
Description
Released 3 million maize bags from the strategic reserves in order to ease the grains shortage affecting the country and curb rising flour prices. Millers are now paying KES 3 000 for a 90 kg bag (USD 321.4 per tonne) of maize, down from KES 3 400 (USD 364.2 per tonne) last month, with prices expected to fall further as farmers release the stocks they have been hoarding to the market.
