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09 Feb 2018, Gergana Bencheva, EMIS Editor

Kenya’s govt buys 2.7m bags of maize to support reserves

Kenya’s government has purchased 2.7 million bags of maize from local farmers so it could support the country's strategic grain reserves as they were hit by a severe drought period in 2017, CEEMarketWatch reported referring to an official from the agriculture ministry.

The acquired maize is a record-high amount for a single season and the government paid a price of KES 3,200 per 90 kg bag which is higher than the usual price paid by local millers and traders.

Maize grain and flours represent a 3% share of Kenya’s CPI basket. The drought last year led to heavy shortages and the government had to launch a special subsidy programme to cope with the crisis, CEEMarketWatch reminded.

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