Kenya: Farmers and Traders hoarding 8.5 Million bags of maize – C Bett
Nairobi — Farmers and traders are hoarding up to 8.5 million bags of 90 kilograms of maize as of last week.
Agriculture Cabinet Secretary Willy Bett says this has also contributed to the current high cost of maize flour which has hit a high of Sh150.
Bett has called on the traders and farmers to release the maize saying importation of maize in a month’s time will lower the cost in the market.
“The available grain in the country was healthy and has been healthy. And even now, we know we could not be in this situation if traders and farmers, had released the maize. What we have seen is unique this time round. Traders and farmers have realised they have an opportunity to make a lot of money. So this is a situation of hoarding,” Bett said on Tuesday.