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FRA REVISES 2022 WHITE MAIZE BUYING PRICE FROM K160 PER 50KG BAG INITIALLY ANNOUNCED TO K180 FOR 50KG BAG

ByZambia Reports

Jul 8, 2022
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FOR IMMEDIATE RELEASE

08th July, 2022

FRA REVISES 2022 WHITE MAIZE PURCHASE PRICE

Pursuant to Section 22 (2) (b) of the Food Reserve Act, No. 6 of 2020, the Food Reserve Agency wishes to inform the Small Scale Farmers and the general public that the FRA 2022 White Maize Purchase price has been revised from K160 per 50 Kg to K180 per 50 Kg Bag or equivalent to K3, 600 per Metric Tonne and K3.6 per Kilogramme. This therefore supersedes the earlier announcement made on 16th June 2022.

This revision has been done in view of the current market dynamics and on the premise of ensuring that farmers recover their production costs especially in striking a balance with those that did not benefit from the Farmer Input Support Programme.

It is envisaged that this price will further ensure a boost in Maize production and improved productivity amongst our Small Scale Farmers for the upcoming and future agriculture seasons that will guarantee increased income and diversified opportunities in Agricultural Trade and value chains both locally and regionally.

Further the Agency wishes to assure the farmers that the Agency will operate at least 1,257 satellite depots across the country, as was the case last year. As the recruitment and training of buyers has started, the Agency is anticipating to start opening up satellite depots by Wednesday13th July 2022 and commence purchase of the three designated crops namely Non GMO White Maize, Soya Beans and Paddy Rice where the Moisture Content has reached acceptable standards.

ISSUED BY:

KELVIN HAMBWEZYA

BOARD CHAIRPERSON

FOOD RESERVE AGENCY

By Zambia Reports

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