BUSINESS & FINANCE

Prepare to pay more for maize flour from next week

Kenyans have been urged to brace themselves for a tough month as the price of maize flour is expected to go up from the second week of January.

Addressing the press on Tuesday, January 4, 2022, millers in the country stated there is an increase in demand for maize flour in the country after the festive season.

Unga Millers Association chairperson, Ken Nyaga explained that the increment in flour prices was expected in December 2021 but did not materialise as members of the public opted for other food commodities during the festive season.

The millers stated that the price of a 2kg packet of maize flour is expected to rise by Ksh8 from the second week of January.

Upon review, one 2kg packet of maize flour is expected to retail at Ksh130 from the current Ksh122. The price was increased from Ksh108 in November 2021.

“In December there is normally lower demand for maize flour as households turn to other foods consume more of other goods other than maize flour. By the end of this week, we shall have a clearer picture of what the market will look like going forward,” Nyaga stated.

The millers attributed the rise in flour prices to the shortage of maize in the market and cereal produce board stores, as well as to the recent increment in maize prices.

Consequently, the National Cereals Produce Board (NCPB) announced that it will buy maize at Ksh3,000 per 90Kg bag from farmers nationally.

Speaking to journalists on Wednesday, December 29, 2021, NCPB Managing Director Joseph Kimote said that the decision to review the price of size upwards from Ksh2,700 to Ksh3,000 is in the best interest of farmers.

Following the review, millers in the country wrote to Agriculture Cabinet Secretary Peter Munya warning that they may be forced to increase the price of maize flour.

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