Business Daily
Date: 05.11.2014
Page 6
Article size: 313 cm2
ColumnCM: 69.55
AVE: 132155.55
Retailers keep flour prices unchanged
as maize cost drops 35pc in two weeks
0 ECONOMY A 2kg pack of maize flour is retailing
at Shl04 to Shl07 as it was two weeks ago
BY GERALD ANDAE
Flour prices have remained un­
changed over the past two weeks
despite the cost of maize falling by
35 per cent over the period.
A 90 kilogramme
bag of maize is selling at
Shl.300 from Sh2,000
mid last month, but the
prices of flou r have stag­
the
ShlO+.The two were selling at ShllO
last month.
In September, the millers said
they had reduced the factory gate
almost ShlO depending on
The prices of
flourshould bein
tandem with tiie
brand.
Hie Cereal Growers
cost of maize. It
Association has raised
will be unfair for
nated in the period.
concerns over the high
prices of flour in the wake
of cheap maize in the
retailers to sell
A 2kg pack of maize
the commodity
exorbitantly
flour is retailing at be­
tween ShlOt and Shl07,
a pointer that millers are
taking a bigger margin
from sale of the staple.
Retailers say they
country.
The prices of flour
should be in tandem with
ANTHONY KKJKO, CEO CERfAL
the cost of maize. It will be
GROWERS ftSSOCIAIION
unfair for retailers and
even millers to sell the corn­
have not received new
modify exorbitantly to gain
abnormal profits," said the
prices for flour.
"We are currently
selling the flour based on what the
millers are selling to us; we cannot
make any changes before we receive
a new price list," said a manager at
Tuskys supermarket, where the price
of a two kilo packet of Jogoo is go­
ing at Shl07 while the same brand at
Eastmatt supermarket is retailing at
KKJKO, CEO CERfAL
ftSSOCIAIION
the
CEO Anthony Kioko.
The price of maize has
been dropping in the last
four months with the onset ofharvest
in the South arid North Rift and with
increased cross border trade within
at
price
go­
at
at
East Africa.
The 90kg bag of maize has dropped
from Sh3,200 in May, offering millers
room to cut flour prices. Flour prices
stood at ShllS in May.
Ipsos Kenya ­ Acorn House,97 James Gichuru Road ­ Lavington ­ Nairobi ­ Kenya
Business Daily
Date: 05.11.2014
Page 6
Article size: 313 cm2
ColumnCM: 69.55
AVE: 132155.55
Maizeflourfor sale at a supermarket. A 90kg bag of maize is selling at Shl,300
from Sh2,000 mid last month, but the prices of flour have stagnated, mt
Maize prices have fallen steeply role in the cost of living and the drop
since over the past month, pulled in the cost of these two commodities
down by harvest and brokers tak­ has eased inflation from 6.6 per cent
ing advantage of the absence of the in September to 6.43 last month.
National Cereals and Produce Board
Consumers are enjoying low fuel
(NCPB) in the market.
prices after the Energy Regulatory
The NCPB sets market bench­
Commission (ERC) in September cut
marks by offering competitive pric­ the maximum price of super petrol in
es, and delay to allocate it funds has Nairobi by Sh4.98 per litre toShlU.64.
exposed farmers to exploitation by • The price of kerosene fell by Shl.42
middlemen.
per litre to Sh82.79.
Maize and fuel play a significant
[email protected]
Ipsos Kenya ­ Acorn House,97 James Gichuru Road ­ Lavington ­ Nairobi ­ Kenya