Economy

NCPB to offer maize farmers higher price after snub

ncpb-naxf

The National Cereals and Produce Board, Nakuru depot. FILE PHOTO | NMG

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Summary

  • The National Cereals and Produce Board (NCPB) is set to review its grain purchase prices upwards after farmers snubbed it in favour of higher paying private millers.
  • The board has only managed to buy a paltry 2,000 bags of maize since it started purchasing before Christmas Day last year as farmers object the Sh2,500 it is offering for a 90- kilo bag.
  • NCPB managing director Joseph Kimote said they will revise grain purchase prices this week.

The National Cereals and Produce Board (NCPB) is set to review its grain purchase prices upwards after farmers snubbed it in favour of higher paying private millers.

The board has only managed to buy a paltry 2,000 bags of maize since it started purchasing before Christmas Day last year as farmers object the Sh2,500 it is offering for a 90- kilo bag.

NCPB managing director Joseph Kimote said they will revise grain purchase prices this week.

“Millers are paying more than us and this makes it difficult for us to compete with them or even traders. We are going to review the price upwards to match what the market is offering,” he said.

Millers are paying Sh2,700 for a 90-kilo bag of maize, making it difficult for NCPB to attract stocks from farmers.

NCPB opened its doors last year for supplies after failing to purchase farmers maize in 2019.

However, unlike other years, the grain handler is buying maize for its commercial use and not for Strategic Grain Reserve as it has been the case before.