The latest on the markets in Kenya, Zambia and Zimbabwe

This is you monthly update on southern African markets. ZIMBABWE Zimbabwean maize prices have been following a downward trend since December of 2016, and have continued with that trend in anticipation of the higher maize crop. For the month of May 2017, prices declined by 8.2% compared to April of…

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Cost of feed still high despite big harvest – Zambian poultry farmers

Poultry input costs are still high despite the bumper harvest of maize and soya bean. This prompted the Poultry Association of Zambia (PAZ) to appeal to feed manufacturers to cut prices. “Maize and soya bean are key ingredients in poultry stock feed and we expected prices to come down as…

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‘No more maize export ban’ – Zambian government

The Zambian government will no longer impose maize export restrictions as it gears to promote grain trade in the region. Last month, government lifted a moratorium on the export of raw and processed maize which was in place for 18 months, but then immediately imposed a 10% export duty on…

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Opportunity for banks in agricultural financing – World Bank

There is a profitable opportunity for banks to finance small to medium-sized agricultural enterprises in southern Africa and globally, said Randall Brummett from the World Bank. According to Brummett, the average capital expenditure of aquaculture farms in Southern Africa is more or less $5 million, meaning most of the farms…

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Zambian fresh producers revolt against agents at Soweto market

Zambian fresh producers are pushing back against marketing agents at Soweto Market, the country’s main outlet. Located in the west of the capital Lusaka, Soweto Market is a fresh produce and one-stop destination for retailers, grocers, street traders, the food service industry and regular consumers. An estimated 10 000 buyers…

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