Maize Price in Kenya Drops 19% MoM Due to Importation of Duty Free Maize

The maize price in Kenya has decreased from USD 0.52/kg in December 2022 to USD 0.42/kg in January 2023, indicating a 19% price drop MoM. The drop has been attributed to the directive issued by the Kenyan government to allow the importation of duty free maize. The Kenyan Ministry of Agriculture has allowed traders to import 900,000MT of duty free maize between February and August 2023.