Wheat stocks climb 12pc on import rush

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Wheat flour on the shelves at a supermarket in Nairobi. PHOTO | DENNIS ONSONGO | NMG

Wheat imports to Kenya increased by 12 percent in the first five months of the year as millers amassed stocks, spooked by fears of potential tax raises in the 2021/22 national budget that was read in June.

The expected rise in import duty did not happen with Treasury Cabinet Secretary Ukur Yatani retaining the tax at 10 percent.

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Note: The results are not exact but very close to the actual.