President Edgar Lungu has assured farmers that the price of K60/50kg for white maize being offered by the Food Reserve Agency (FRA), will be reviewed. The president’s statement comes after he for months refused to be drawn on the deadlock. The Zambia National Farmers’ Union (ZNFU) welcomed the statement. “President…
Zambia’s state grain buying entity, the Food Reserve Agency (FRA), is selling 100 000 tons of maize from its strategic reserves to create storage space for new crops. The FRA is expected to buy 500 000 tons this marketing season. “This is white maize designated for export at various depots…
The Indaba Research Agriculture Policy Institute (IAPRI) has called on Zambia’s Food Reserve Agency to sell maize directly to consumers instead of millers, to stabilise maize prices. FRA should make maize grain available to non-traditional markets at market prices rather than large-scale millers. “FRA should increase sales directly to consumers…
Zambia shut down its maize exports in October, but, according to Reuters, the government had opened its borders to export of 100 000 tons of white maize to Malawi. “The maize has already started moving, through two companies, and we hope that it will alleviate the food situation in Malawi,”…
The Zambian Commodity Exchange(ZAMACE), in conjunction with the Johannesburg Stock Exchange(JSE), recently finalised their grain futures contracts. These contracts would provide a tool for farmers and grain traders to protect themselves against future movement in prices, and will also allow grain traders to proved competitive prices for their clients. If…
Anyone with maize stocks is invited to sell their stock to the Food Reserve Agency (FRA) after they fell short of buying their target of 500 000 tons during the past marketing season. The agency invites all local suppliers like grain traders and commercial farmers, to make an offer to…
