Maize flour prices to drop to levels never seen in TEN year; Ruto govt promises
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Ruto Agriculture CS promises to lower maize flour prices as the country expects a bumper harvest owing to subsidized fertilizers
Ruto Agriculture CS promises to lower maize flour prices as the country expects a bumper harvest owing to subsidized fertilizers.
Kenyans have been guaranteed by Agriculture Cabinet Secretary Mithika Linturi that the price of maize flour will decrease over the coming months.
After kicking off the third Agriculture Sector Network Summit (ASNET) on Tuesday at the KICC in Nairobi, CS Linturi stated that unga prices will drastically decrease to levels that Kenyans haven’t seen in ten years.
He claimed that after the government gave farmers subsidized fertilizers, the country anticipates a bountiful harvest.
“Our commitment is once this harvest is done, the cost of unga will come down to levels Kenyans have never experienced in the past 10 years. The cost of unga will drastically reduce because we will have enough supply of maize,” said Linturi.
The Agriculture CS noted that the average maize consumption in the country is between 50 to 52 million bags per year, which will come from the harvest.
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“I do not expect a deficit beyond five million bags. We are in discussion with Zambia, which is going to give us more maize,” Linturi added.
The Kenya Kwanza government had promised to lower the cost of Maize up to an average of KSh 150 per 2kg packet but the prices remain unchanged across major supermarkets in the country. The 2Kg packet is retailing around Ksh 250.
The price is even expected to go higher following the introduction of a 10 per cent tax on kraft paper used for packaging maize flour.
The new lexy is one of several tax reforms that were announced in last month’s budget declaration by National Treasury Cabinet Secretary Njuguna Ndung’u.
The uncoated kraft paper is mostly imported from Asian countries.
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