How millers can gain from futures market

Investing in futures by millers is one way that companies can benefit from price seesaws. FILE PHOTO | NMG

In May this year, the government spent as much as Sh6 billion subsidising maize price to cool the rising cost of unga.

Poor rainfall during March-April-May long rains season pushed the price of a two-kilogramme packet of maize flour to Sh150, up from Sh90 last November – helping to raise inflation to 11.48 per cent in April, the highest rate since May 2012.

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