Tuesday, August 9, 2022

Maize flour to retail at Ksh 100 from Monday

It is a relief for Kenyans as 2KG Maize flour prices in the country are set to drop from Ksh 230 to Ksh 100 starting Monday 18th July 2022.

The move follows a deal signed between the Ministry of Agriculture and millers in the country so to reduce the price of the staple food that had shot to over Ksh 210 in major supermarkets.

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Kenyans are expected to welcome the news as the high cost of living had already stretched some households caused by the rising inflation that has not only hit Kenya but the whole world.

The government has also stepped in to salvage the situation by providing subsidies, especially in fuel prices that had skyrocketed and were expected to rise even further given the high cost of importing crude oil.

After threatening to withdraw the subsidies last month, the government through President Uhuru Kenyatta approved the extension of the fund that was expected to further cushion Kenyans and the country at large.

Kenyans have however raised concerns over the high cost of buying cooking oil as the price was affected by the inadequacy of the US Dollar in the market to purchase the raw materials for processing.

Pwani Oil, one of the largest suppliers of cooking oil in the country confirmed that the shortage has caused them delays in clearing their goods at the port in addition to losing out in business to some of their competitors.

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