Government to buy one million bags of maize from farmers

Business
By Okumu Modachi | Oct 12, 2023
Agriculture CS Mithika Linturi during a horticulture farm visit at Kapseret in Eldoret Uasin Gishu County on August,31,2023. [Christopher Kipsang, Standard]

The government has announced plans to purchase a million bags of maize from farmers

Appearing before the Senate House Committee on Agriculture on Thursday, Agriculture and Livestock Development Cabinet Secretary Mithika Linturi said the government has set aside Sh4 billion to buy bags from farmers.

Linturi said the move is to ensure food security in the country and also help facilitate a market system that cushions farmers from making losses.

"National Cereals and Produce Board (NCPB) is ready to take up grains. The minimum price will be Sh4000 per 90kgs. We are going to buy maize from our farmers that are registered," said Linturi.

He added: "That is one of the ways to bring down the cost of food so that its affordable."

He said that the cost of maize bears on the cost of food commodities in the market.

Linturi said, besides his Ministry expecting to receive new driers next month, the existing ones are functional and can accommodate up to 40,000 tons per day.

He said that the national government has updated the farmers' database system which will facilitate the farmers in the process for accountability.

"We are going to buy maize from our farmers that are registered and who are in our database," he said.

According to Linturi, the government has renovated the NCPB warehouses and is also operationalising the receipt system.s

He said: "once that is done, you can redeem your receipts then you can sell your maize once the prices have stabelised."

He affirmed the government's commitment to renew production of edible oil in the country for both local consumption and export.

"Our intention is to improve export, there is deliberate efforts from government to promote and support the sector," he said.

Aggregation of county industrial parks, he said, will help the government achieve value addition in the sector.

Share this story
Epra makes marginal hike on pipeline tariff, piles pressure on consumers
Epra has increased the cost of using the pipeline to transport fuel from the Kenyan coast to the rest of the country. 
Why housing has become an economic crisis
The pertinent question at the 13th session of the World Urban Forum has not been if housing is important, but the justification that the global economy is hanging in the balance on its success.
ICPAK urges accountants to restore trust in public institutions
Accountants have been asked to become public finance stewards and ensure trust and transparency is restored in auditing public institutions.
Alarm raised over lagging decarbonisation in construction industry
Decarbonisation of buildings in the construction sector has slowed globally, leaving it as a major source of emissions and increasingly vulnerable to climate impacts and energy price shocks.
Retail investors can now own a piece of mega infrastructure projects through NSE
Kenyans can now invest in major infrastructure projects through the Nairobi Securities Exchange after the listing of the Sh3.4 billion Spearhead Africa Infrastructure Fund.
.
RECOMMENDED NEWS