Kenya is at risk of food shortage as new regional buyers emerge

Published 2022년 11월 11일

Tridge summary

Kenya is facing a potential food shortage in the coming year due to a decline in maize production and regional countries finding alternative markets for their maize. Tanzania is selling its maize stocks to the Middle East for animal feed, while Uganda is trading it to the Democratic Republic of Congo and South Sudan. Kenya's estimated harvest could be only 60% of the normal harvest, at about 33 million bags. This, coupled with high maize prices, is expected to tighten supply in the market and increase the cost of flour.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Kenya is staring at another round of food shortage next year as regional countries find an alternative lucrative market for their maize. Tanzania is selling part of its maize stocks to the Middle East for making animal feeds as demand for livestock meals soar globally while Uganda is trading the commodity to the Democratic Republic of Congo and South Sudan. Also read: Inflation hits 65-month high as subsidies end This comes in the wake of a projected decline in production in this year’s main crop being harvested currently, which has already seen the cost of a 90-kilogramme bag shoot to Sh5,000 from Sh4,500 in October. Uganda and Tanzania are key in boosting Kenya’s stocks and a lack of sufficient maize in these nations will pile more pressure on consumers. “Traditional sources of imports for Kenya, which are Uganda and Tanzania have found alternative markets in DRC, South Sudan and Arab countries, which are paying premium prices because of the global maize shortage,” said Gerald ...

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