The CMA said the consignment of maize expected to land in Mombasa today is not sufficient to stop ongoing price inflation. “Since in the initial weeks of the import programme some millers will have access to imported maize and others will not, the CMA does not expect maize flour prices to stabilise until adequate imported grain stocks are distributed across all the mills,” the statement said. When this happens, prices are expected to settle at the Sh125 – Sh135 per two kilo packet range.”PRICE INFLATIONA two-kilogramme packet of flour is currently retailing at an average of Sh150, up from Sh90 last November. “These prices (market price) are significantly higher than the cost of the recently released government maize,” the CMA said. “Some millers are unable to produce enough maize flour to meet customer demand - they either do not have access to adequate grain and or are unable to compete with the prevailing market prices,” the statement said.

Source: Daily Nation May 08, 2017 21:22 UTC