Locally wheat prices range from between Sh3,600 and Sh3,800 per 90kg bag, as compared to the initially agreed floor price of Sh3,250. “The price of global wheat has moved up due to lower global stocks. On Monday, millers also warned of a maize shortage and increase in prices of the country’s staple food, a catalyst for a possible rise in the prices of maize flour. “The CMA is confident that the proposed immediate measures will protect Kenyan consumers from higher food prices,” it said in a statement. This was mainly attributed to increases in the price of kerosene and electricity by 5.79 and 5.19, respectively.
Source: The Star April 15, 2021 00:56 UTC