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Economy

Cereals board buys Sh5.12bn maize as farmers raise deliveries

Maize harvesting in Uasin Gishu county. FILE PHOTO | NMG
Maize harvesting in Uasin Gishu county. FILE PHOTO | NMG 

The National Cereals and Produce Board (NCPB) has bought 1.6 million bags of maize estimated at Sh5.12 billion to replenish the country’s strategic grain reserve as farmers rush to deliver the produce ahead of the next planting season.

The deliveries have been boosted by prompt payments of Sh3,200 per 90kg bag, up from Sh3,000 last year, and waiving of drying fees. The board has so far paid out Sh2.6 billion as more farmers deliver the produce due to the attractive price compared to Sh2,400 offered by middlemen.

“We shall be making payments for maize deliveries as we receive funds from the government but the process is so far encouraging,” said Mr Titus Maiyo, the NCPB corporate affairs manager.

“Policy inspectors have been deployed to our buying centres to ensure that the imported subsidised maize or crop from neighbouring countries do not end up in our stores,” he said.