Prices increase as farmers hoard 85 percent of maize

Farmer

Farmers weed a maize farm in Bondeni, Uasin Gishu County, on May 24, 2021. PHOTO | NMG

Photo credit: Jared Nyataya | Nation Media Group

What you need to know:

  • Farmers are holding onto 85 percent of the total stock of maize in the country, starving grain millers of supplies.
  • The food balance sheet report from the Ministry of Agriculture indicates that growers are holding 8.5 million bags of maize stocks out of 10.1 million bags of 90Kgs, which has left millers facing a shortage of grain, subjecting consumers to high prices of flour.
  • The report indicates that millers and traders are in possession of a paltry 1.5 million bags with the National Cereals and Produce Board (NCPB) holding zero grains.

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