Kenya’s NCPB offers new price to maize farmers after bumper harvest

KENYA – Kenya’s National Cereals and Produce Board (NCPB) is set to purchase maize from Kenyan farmers at a new price of US$24.57 (Kshs2500) from the previous price of Kshs2300 (US$22.61) per 90kg bag, reports Business Daily. Strategic Food Reserve Fund (SFRF) had in November last year set the price as kshs 2300 with the…

Cereals board risks US$43m loss over lack of market for imported maize

KENYA – Kenya’s National Cereals and Produce Board (NCPB) is likely to plunge into a US$43.86 million loss due to lack of market for tonnes of maize it imported under the subsidy programme. A report by Business Daily shows that the board is holding 217,000 90kg bags which have so far not received any inquiries…