Wed, 02 Nov 2016 09:15:24 +0000 THE Food Reserve Agency (FRA) has failed to meet its scheduled target of buying 500,000 metric tonnes of maize during the 2016 crop marketing season due to private buyers who have pegged the price of the grain at K110 against K85 which is the government’s floor price. In a notice issued yesterday, FRA procurement coordinator Kelvin Mukosayi said the agency was mandated by law to purchase maize and other designated commodities for strategic food reserves but had failed to meet its target owing to what he termed market dynamics. In order to meet the shortfall of 220,000 metric tons, FRA has now invited local suppliers such as grain traders, commercial farmers and private suppliers with maize stocks to sell the grain to agency. He explained that the required 220,000 metric tons of maize should be non-genetically modified (non-GMO) Grade A white maize and of a moisture content of […]
