Oversupply squeezes Kenya maize prices.

Position:Business Briefs - Brief Article

Farmgate maize prices in Kenya have plummeted to an average of about $7 a 90kg bag from $12 a bag and a peak of $18 just a year ago.

Most worrying for the farmers, and those around much of Africa, is the fact that they lack protection from unexpected and confusing price fluctuations. In some areas, farmers ate fetching only $5.80 a bag, not enough for growers to meet the cost of sowing this year's crop. The result, say agronomists and extension...

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