AreaKenya

Commodity GroupGrains

CommodityMaize

Date12/05/2019

Policy CategoryStocks

Policy InstrumentStocks release

DescriptionReleased 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.