Kenya’s consumer market has once again produced its biggest puzzle with the rise to more than Sh100 in the price of a two-kilogramme packet of maize flour even as farmers struggle to find buyers for their low-priced produce at the farm gates.
Maize flour prices have been rising since February even as a heavy market glut pushed down farm-gate prices to lows of about Sh2,000 for a 90 kilogramme bag of maize.
Millers said the price escalation is mainly linked to massive hoarding of maize by the middlemen who buy the produce from farmers and supply the factories. Read more. Source| Business Daily