Maize flour to retail at Sh100 for a 2kg packet for the next four weeks

The government has implemented a massive subsidy for millers, lowering the price of a 2kg packet of maize flour to Ksh100 beginning Monday, July 18.

The Ministry of Agriculture directed on Monday that all retailers sell the two-kilogramme packet of flour at Ksh100, down from Ksh230.

“It is agreed between the parties that the ministry shall deploy market surveillance teams to ensure that sifted maize flour is sold at the maximum recommended retail price stated. The market price of maize (per 90kg bag) as at the date of this contract is in the range of Ksh5,800 and Ksh6,000. Based on this market price, MOALFC will compensate the miller for each unit sold,” the statement read.

The subsidy, which will be in effect for a total of four weeks, will be monitored by the Agriculture Ministry, the National Treasury, the Cereal Millers Association, and the Grain Mill Owners Association.

As fuel and food prices continue to rise to all-time high, the public has become increasingly vocal about their dissatisfaction.

Inflation in Kenya reached 7.9 percent in June 2022, the first time since August 2017 that it had exceeded the upper limit of the Central Bank’s target range of 2.5 percent to 7.5 percent.

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Written by Ateker TV

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