Zambia : 150 of Eroded Kwacha per Maize Bag – Reminds Of 'Old Man and Medal' Story
By Dr Parkie Mbozi GOVERNMENT through the Food Reserve Agency (FRA) has increased the maize purchase price for a 50kg bag from K110 to K150. The FRA has also fixed the price of a 50kg bag of soya beans at K500 and paddy rice at K200 for a 40kg bag. Further, FRA says will this year buy between 500, 000 and 1,000,000 tonnes of maize, representing only about 20 – 30% of the predicted harvest. With the United States dollar trending at about K23, the price of a bag of maize is now USD 6.52. Also, with the bag of D compound fertilizer selling at about K650, a farmer requires to sell four plus b...
Source: lusakatimes.com