Traders are still facing challenges with importing maize into Kenya after the Agriculture Ministry confirmed that most have failed to conform with the new guidelines that include aflatoxin tests allowing maximum 10 parts per billion, registration of all traders and issuing details of the warehouse of where the grains were held.
After a week of debate at the government level, Kenya removed the ban on maize from Tanzania and Uganda and introduced stricter measures as a way to manage the quality that is entering the country after a number of trucks were received with high levels of aflatoxins.
Maize imports from Uganda to Kenya have seen a five-fold increase in January compared to the same period last year after traders continued to cross the border to meet the demand by the millers who are now seeing the price stabilise within the range of KES 2,800 per 90 kg bag as reported in the Business Daily.
The National Cereal and Produce Board of Kenya have started buying maize grain at KES 2,700 per 90 kg bag from growers as an attempt to receive more grain that farmers were selling to millers and traders that offered a higher price.
Major wheat exporter Russia announced the introduction of a duty for the export of wheat at 25 Euros per ton (KES 3,225) due to the shortages in the country and a move to stop domestic prices for bread from increasing. This intervention by the government in Moscow will hurt Kenya’s imports and has already has seen the price of bread on shelves increase.
Colorado Technology Association
Watch to hear from the three finalists, including Julie Lerner, for the APEX Awards CEO of the Year Award Overview.
New Offering Provides Direct Access to Premium Benchmarks and Analysis Content for Hemp, Frac Sand, East African Commodities
CHICAGO / DENVER, Jan. 26, 2021 — CQG, a leading global provider of high-performance
technology solutions for traders, brokers, commercial hedgers, and exchanges, and
PanXchange, a Denver-based over-the-counter (OTC) physical commodity exchange and price
discovery platform, today announced the launch of a new PanXchange widget within the CQG
Desktop platform.
Kenya has seen an increase in the local bread price as a result of the increased price of milling wheat in the global market that has seen the grain’s price level reach KES 33,000 per metric ton from KES 25,300 per metric ton and this has seen a 400 gram loaf of bread increase from KES 50 to KES 55.
The National Cereal and Produce Board (NCPB) in Kenya has opened its depots and started buying maize with a targeted price of KES 2,500 per 90 kg bag which is slightly higher than the prices that traders were paying in the region of KES 2,200 and KES 2,300.
The National Cereals and Produce Board (NCPB) will start buying maize at a set price of KES 2,500 per 90 kg bag this week as the government plans to release the estimated KES 18 billion owed to the body.