Price of 2kg unga falls below Sh90 - News Summed Up

Price of 2kg unga falls below Sh90


By GERALD ANDAEMore by this AuthorMaize flour prices have dropped below Sh90 per two-kilogramme packet on increased supply of maize as farmers who missed out on selling their harvest to the government release the grain to the market. The influx of grain in the market has subdued buying price of a 90-kilogramme bag from a high of Sh2,100 last month to Sh1,800 currently. This has slashed cost of maize flour with a two-kilogramme packet of the commodity selling at between Sh85 and Sh86 in all the major supermarkets, down from an average of Sh95 in December. The Cereal Millers Association also attributed the falling prices on high supply of maize in the market. This has seen a lot of farmers left with more grain and had to look for an alternative market.


Source: Daily Nation February 26, 2019 08:05 UTC



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