ETHIOPIA - A week after the government has revealed that there is a drought surge once again in Ethiopia, the Central Statistical Agency (CSA) has reported that food inflation has hit a double digit to 12.6pc in May, its highest rate since January 2016.
KENYA - Maize flour prices are unlikely to come down until July when the stock of grain available locally is expected to meet the country’s needs, millers said, setting up consumers for two and half more months of pain at the shop.
EGYPT - Egypt has about 2.6 months worth of wheat in its strategic reserves and expects to buy about 3.8 million tonnes from local farmers, Minister of Supply Ali Moselhy told Reuters on Monday at an event to mark the beginning of the local harvest.
KENYA - The government will tomorrow release 1 million bags of maize from the National Cereals and Produce Board with the aim of cutting the cost of maize flour which has hit an all time of Sh150 per 2kg packet.
SOUTH AFRICA - South Africa, the continent’s biggest maize producer, might reap the largest harvest of the grain in 36 years as rains improved yields and boosted the crop’s size by 83 percent from last year, the Crop Estimates Committee said.