Millers want FRA to offload maize on the market as prices of mealie meal escalates on the Copperbelt in Zambia

Published 2022년 12월 15일

Tridge summary

The Millers Association of Zambia (MAZ) has approached the Food Reserve Agency (FRA) to supply maize to millers in the Copperbelt province, in an effort to reduce the high mealie meal prices resulting from the high cost of transporting maize from other provinces. The FRA operates on a first-in-first-out basis, releasing only old stock and withholding new stock for sale in the same year. The Copperbelt authorities have expressed concern over the rising mealie meal prices and have urged MAZ to justify the price increase. MAZ expects prices to stabilize soon due to government interventions to make current grain stocks available near milling companies.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The high cost of transporting maize from other provinces, leading to high mealie meal prices on the Copperbelt has prompted the Millers Association of Zambia (MAZ) to solicit for Food Reserve Agency (FRA) maize from within the province. MAZ president Andrew Chintala said that in an effort to address the high transportation cost that millers are incurring as a result of importing maize from other provinces, the association has engaged the Ministry Of Agriculture to allow FRA to offload maize to millers operating within the copperbelt. Mr. Chintala said that since FRA operates on a principle of releasing maize on first in first out basis, it only releases old stock and holds on to the new stock which is sold in the preceding year. He has told Radio Phoenix in an interview that as of last week, Agriculture Minister Mtolo Phiri gave a go-ahead to FRA to offload maize to the millers across the country. Meanwhile, Authorities on the Copperbelt are concerned with the escalating mealie ...
Source: Lusakatimes

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