Saturday, February 27, 2021
  • Home
  • News
  • Agribusiness
  • Markets
  • Machinery
  • Technology
  • Livestock
  • Poultry
  • Fisheries
  • Fruits
  • Climate Change
No Result
View All Result
No Result
View All Result
No Result
View All Result

The Food Reserve Agency -FRA- has set the maize buy price at 110 Kwacha for a 50-kilogram bag.

Mthokozisi by Mthokozisi
August 13, 2019
in Agribusiness, Featured, Markets
0

This is the highest price since the FRA was established in 1995.
FRA Board Chairperson Joe Simachela announced the price this morning.
Mr. Simachela said the increase from last year’s price of 70 Kwacha is aimed at providing competition in view of high prices being offered by the private buyers and anticipated low maize production.
He further said FRA will only buy 300,000 metric tonnes of maize for strategic reserves.
Mr. Simachela also revealed that currently, FRA has 245,000 metric tonnes carryover stocks in storage facilities.
He also disclosed that apart from maize, the agency will only buy 4-thousand metric tonnes of Soya beans at 150 Kwacha for a 50-kilogram bag and 1,000 metric tonnes of paddy rice at 70 Kwacha for a 40-kilogram bag.
Mr. Simachela also announced that the government has already released 74.4 million kwacha for immediate payments while the rest of the 675-million Kwacha will be released periodically.
He said this is the first time that the FRA is making immediate payments to ensure farmers are paid.
And the FRA Board Chairperson has assured Zambians of adequate stocks but was quick to advise millers to stock up adequately.
He said FRA only buys for emergencies and to supply key institutions like the Disaster Management and Mitigation Unit and other government programs.
Meanwhile, FRA Executive Director Chola Kafwabulula said millers buy their own stocks and the agency only comes to help in specific situations when there is a shortage to cushion prices.
Mr. Kafwabulula said FRA will set up 600 depots in 105 districts for the marketing season.
Zambia’s maize production this year had been forecasted to drop by 16 percent from 2.3 million metric tonnes to 2 million metric tons owing to prolonged dry spells experienced in the last rain season.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Previous Post

Digital solutions to transform Africa's agriculture

Next Post

The global call for avocado has local farmers firmly focused

Mthokozisi

Mthokozisi

Related Posts

PERRY OPENS NEW OFFICE & TRAINING FACILITY IN UGANDA
Featured

PERRY OPENS NEW OFFICE & TRAINING FACILITY IN UGANDA

by Mthokozisi
February 9, 2021
0

  Perry of Oakley Ltd., a British company with a 73 year heritage in the design, manufacture and installation of...

Read more
VIRTO GROUP once again chooses TOMRA and renews the equipment at its main plant with eleven Nimbus BSI+ sorters

VIRTO GROUP once again chooses TOMRA and renews the equipment at its main plant with eleven Nimbus BSI+ sorters

January 13, 2021
SKF South Africa secures local agri customer’s aftermarket business for combine header gathering chain

SKF South Africa secures local agri customer’s aftermarket business for combine header gathering chain

January 13, 2021
Massey Ferguson MF 8S.265 Dyna E-Power Exclusive wins Tractor of the Year 2021

Massey Ferguson MF 8S.265 Dyna E-Power Exclusive wins Tractor of the Year 2021

January 6, 2021
VALTRA G SERIES WINS TRACTOR OF THE YEAR 2021 BEST UTILITY AWARD

VALTRA G SERIES WINS TRACTOR OF THE YEAR 2021 BEST UTILITY AWARD

January 6, 2021
How to deal with ticks on your farm

How to deal with ticks on your farm

January 6, 2021
Next Post

The global call for avocado has local farmers firmly focused

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Download Our latest Issue

Like Us On Facebook

Facebook Pagelike Widget

Follow Us on Twitter

Tweets by @@Agribiz_SADC

RSS MORE NEWS

  • FAO organized a workshop in Ouagadougou “AgrInvest - Enabling inclusive and efficient private sector investments in the Burkinabè agri-food systems”
    Download logoThe AgrInvest initiative of FAO aims at attracting private investments into agri-food systems aligned with the SDGs by leveraging public funds. Under AgrInvest, FAO is implementing the project “AgrInvest-Food Systems ” (AgrInvest-FS) to foster sustainable investments in agri-food systems in Burkina Faso, Ethiopia, Kenya, and Niger, which contribute to sustainable economic growth and boost rural […]
  • The African Development Bank: a strategic partner in developing resilience and sustainable energy in the Sahel region
    Download logoThe Sahel Alliance will hold its second general assembly in N'Djamena, Chad on Monday, 15 February 2021. The meeting will take place on the side-lines of a summit for the G5 Sahel countries— Burkina Faso, Mali, Mauritania, Niger, Chad—as well as France. The African Development Bank (www.AfDB.org) played an active role in the formation […]
  • R12.6 million in funding awarded to 17 of South Africa’s most promising Social Innovators
    [youtube https://www.youtube.com/watch?v=wITZdZL0pR0&w=854&h=480]Meat Naturally and Agricool Finance were awarded joint first place in the 10th Annual Social Innovation Awards, while Leafline Washable Sanitary Wear scooped first place in the Disability Empowerment Awards. All three winners were awarded R1.3 million in grant funding. A total amount of R12.6 million in grant funding and business development support was given […]
  • Joint communiqué on the critical desert locust situation and emergency response in Somalia
    On 3 February 2021, the Ministry of Agriculture and Irrigation, Federal Government of Somalia, Federal member state (FMS) ministers from Jubaland, Hirshabelle and South West States, and the Food and Agriculture Organization of the United Nations (FAO) held a meeting in Mogadishu to deliberate and agree on immediate actions to address the critical desert locust situation in the […]
  • African Development Bank, FAO and South Sudan’s government ink protocols for $14 million grant to boost agricultural markets
    Download logoThe African Development Bank (www.AfDB.org) on Wednesday signed protocols to disburse a $14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN’s Food and Agriculture Organization (FAO). The Agricultural Markets, Value Addition and Trade Development (AMVAT) project aims to enhance agricultural productivity […]
Facebook Twitter

About Us

SADC AGRIBUSINESS MAGAZINE

Sadc Agribusiness Magazine is Southern Africa's premier farming magazine which provides news updates and analysis of topical issues affecng large scale farming to smallholder farmers, agri-preneurs, investors, community leaders, Agric ministries, who believe in the strong role of agriculture in economic development and poverty alleviation.

Recent Posts

  • TOMRA Food launches Packhouse Academy, the fresh produce industry’s most comprehensive online learning resource
  • PERRY OPENS NEW OFFICE & TRAINING FACILITY IN UGANDA
  • VIRTO GROUP once again chooses TOMRA and renews the equipment at its main plant with eleven Nimbus BSI+ sorters
  • SKF South Africa secures local agri customer’s aftermarket business for combine header gathering chain
  • SKF South Africa secures local agri customer’s aftermarket business for combine header gathering chain

Weather

JOHANNESBURG WEATHER

© 2019 All Rights Reserved SADC Agribusiness Magazine

No Result
View All Result

© 2019 All Rights Reserved SADC Agribusiness Magazine

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In