With the subsidy ending and all millers beginning to produce unsubsidised maize due to a low supply of the crop, maize prices are anticipated to increase in the following days. Out of the 300 millers who applied for the subsidy, only 129 were accepted and more than half of the processors stopped milling once the government stated that most flour brands would be sold for Sh100 (per two kilogram package) during the subsidy period.
Due to a shortage of the crop, all millers started producing unsubsidized maize when the subsidy ended, and it is expected that maize prices will rise over the coming days.Only 129 of the 300 millers who asked for the subsidy were approved, and after the government announced that most flour brands would be sold for Sh100 (per two kilogram bag) during the subsidy period, more than half of the processors quit milling.
The price of maize flour is expected to reach a new high relatively soon. Tanzania has placed a moratorium on the issuance of exit visas. Because there was a shortage of maize in the country, the price of unga reached KSh 200 for the very first time in the history of the Kenyan market.
Kenyans maybe expecting an increment in the price of maize flour higher than the current price. This is bad news to Kenyans since the price is currently more than Ksh 200 per 2Kg packet which is unaffordable to some families. This information leaked after an interview with United Grains Millers Association and livestock feed manufacturers told Business daily that one of the main source of maize grains import for the country has freezes export permit for Kenyan traders and since last week they have not get any maize from Tanzania.
Kenyans expect new government yet to be formed after Tuesday September 13 when Dr William Samoei Ruto, the president elect is sworn in. However, maize traders in Kenya have suffered a huge blow and shock after some news from Tanzania concerning maize importation. As reported by the Daily Business, Tanzania has frozen new issuance of maize permits.
For the first time in Kenyan market history, the price of unga exceeded the KSh 200 mark during the country's maize shortage. Prices for maize flour could soon rise up to a new price in the market as Tanzania earlier this month halts the issuance of export permit issues.
The government has slashed maize flour prices to Sh100 per two-kilogram packet over the next month, providing timely relief to millions of Kenyans struggling with high inflation that has driven up prices of the essential commodity. The Ministry of Agriculture said on Monday it had reached an agreement with millers to reduce the price of flour, which has been selling for more than Sh210 at major retailers in recent weeks, further reducing consumer purchasing power.
Due to a shortage of the crop, all millers started producing unsubsidized maize when the subsidy ended, and it is expected that maize prices will rise over the coming days. Only 129 of the 300 millers who asked for the subsidy were approved, and after the government announced that most flour brands would be sold for Sh100 (per two kilogram bag) during the subsidy period, more than half of the processors quit milling.
Millers have stated that Peter Munya's proposals to suspend all levies placed on imported maize in an effort to reduce the cost of the basic food will only result in a reduction of the price of flour by Sh2 for a two-kilo packet. According to the United Grain Millers Association (UGMA), which is an umbrella organization consisting of small and medium-scale millers, the move is so tiny that it will not have any effect whatsoever on consumers.
Photo courtesy Agriculture Cabinet Secretary Peter Munya On Tuesday, June 28 announced a raft of measures the government would take in order to caution Kenyans against the high price of unga. Munya said that the government would suspend charges on import levies on maize effective from Friday 1st July.
Millers claim that Agriculture Cabinet Secretary Peter Munya's intentions to suspend all tariffs on imported maize in order to reduce the cost of the staple will only reduce the price of flour by Sh2 for a two-kilo packet. According to the United Grain Millers Association (UGMA), an umbrella organization of small and medium-sized millers, the move is so tiny that it will hanot affectustomers.
The Nation Media Group followed up Hon. Peter Munya's supposedly aggressive effort to lower the cost of maize flour and animal feed in the country before the next harvest. The cabinet secretary for the ministry of agriculture, livestock, fisheries and cooperatives Kenya, via his official Twitter page informed Kenyans that he has suspended all levies on imports for maize and animal feed products effective 1st July, 2022.
Kenyans online have expressed their disappoinment with the government after details emerged that Maize flour price will reduce by Kshs 2 only after Cabinet Secretary (CS) Munya's intervention. In a report via Nation, United Grain Millers Association, a body comprised of small and medium millers, now claim that the move by the Agriculture CS to suspend all levies imposed on imported maize will only have an insignificant effect on the current price of maize flour.
Kenyans have been warned to brace themselves for tougher economic times throughout the month of May as basic commodity prices skyrocket. Kenyans have been hit with an increase in ungas prices just a day after the government announced a shortage of LPG gas, resulting in an increase in cooking gas prices.
Kenyans have been warned to expect tougher economic circumstances throughout the month of May, as basic commodity prices continue to rise. Kenyans have been slapped with an increase in Unga pricing just a day after the government reported a shortfall of LPG gas, resulting in an increase in cooking gas costs.
Millers claim that Peter Munya's proposals to suspend all tariffs on imported maize in an effort to reduce the cost of the staple will only result in a Sh2 reduction in the price of flour for a two-kilo packet. The move, according to United Grain Millers Association (UGMA), a group representing small and medium-sized millers, is so inconsequential that it won't have any effect on consumers.
Miller's claim that Peter Munya's proposal to remove all taxes on imported maize in an effort to reduce the price of the staple will only cut the price of flour by Sh2 for a two-kilo container. According to United Grain Millers Association (UGMA), a group that represents small and medium-sized millers, the move is so inconsequential that it won't have any bearing on consumers.
It has been a rough year so far for Kenyans. This is because of the tough economic times that has seen the prices of almost everything sore. This has left a lot of Kenyans especially from humble backgrounds in a really sad state. One commodity whose price has skyrocketed is maize flour.
Kenyan Economy is becoming harder and harder each and every single day.Just few weeks ago,the price of bread increased from 50/= to 55/= and according to reports the price will shoot Again.On business news today morning on Ntv, the price of Flour has increased by Sh9 for avtwo kilogram packet on high cost of maize,a move likely to spark a rise in inflation.
Lately, Kenya has been hit harder by high cost of maize products seeing the price of a 2 KG packet of maize flour go as high as Ksh 200, this has made the lives of many Kenyans from poor background unbearable because they cannot be able to afford the prices.