Civil Society Agriculture Network (Cisanet) has described as temporal the prevailing stability in maize prices saying supply for the commodity may substantially dwindle within the first two months of next year, eventually forcing prices to go up.

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Cisanet says vendors may exhaust
their maize stocks in the shortest time
possible due to comparatively low
prices on offer, a development which is
to influence the drop in market supply.
On average, a 50 kilogramme bag of
maize is being sold at between
K10,000 and K11,000 on the market,
compared to a fixed price of K12,500by
government grain trader, Admarc.
The prices remain high compared to
the case during the same period last
year.
Cisanet Executive Director, Tamani
Nkhono-Mvula, said in an interview that
the country may not sustain the
current prices for the staple
commodity, premising his argument on
depleted stocks being held by vendors.
“We don’t think the vendors will be
able to sustain the maize supply come
January and February.
“This means that the maize price will
not go down; if anything it will go up
and the challenge is that people will not
be able to buy and Admarc may then
be the only supplier,” Nkhono-Mvula
said.
He further said Admarc may not slash
its maize prices as it still intends to
recover debts used to purchase the
commodity.
Mvula remained uncertain if the
country will still have sufficient maize
stock to run through the next harvest
season, saying trends may have been
influenced by market speculation.
“But based on the statement from
government that there is enough stock,
we are hoping that is true. But there is
need for caution as we can have the
commodity available but inaccessible
to consumers because of exorbitant
prices,” Mvula said.

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