Saturday 22 January 2022
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Cash crunch hits release of cheap maize to millers.

The release of more than two million bags of cheap maize from the National Cereals and Produce Board (NCPB) to tame rising flour prices has been delayed due to a lack of cash for moving the grains from the silos. Agriculture Chief Administrative Secretary Andrew Tuimur says the NCPB was ready to release the grain but inadequate funds that are required for offloading from stores and pay labourers who will be involved in the exercise had hampered the move. The NCPB is meant to release more than two million bags of maize to millers in a bid to check the rising cost of flour that has so far hit Sh121 for a two-kilo packet from Sh90 in February. The government agreed with millers two weeks ago to release at least three million bags of maize from the Strategic Food Reserve at Sh2,300 a 90-kilogramme bag to curb the rising cost of flour.

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