Monday 18th December 2017

Maize Floor Price Set: FRA to buy a 50 Kg bag of maize bag at K60.00

The Food Reserve Agency -FRA- has announced that it will buy a 50 Kilogram bag of white maize at 60 Kwacha under the 2017 crop Marketing exercise.

FRA Board Chairman Joe Simachela announced the 2017 Crop Marketing Arrangements at a media briefing held at FRA depot in Lusaka this morning.

Mr. Simachela said FRA will also buy Soybeans at 130 Kwacha per 50 Kilograms.

He has further announced that the agency will buy Paddy Rice at 70Kwacha per 40-kilogram bag.

Mr. Simachela said the purchase will be restricted to 500,000 metric tonnes of grain as National Strategic Reserve in line with Government policy guidelines

Mr. Simachela said FRA will no longer sell grain to millers adding that the agency expects that they will buy their own stock.

He however stated that the FRA will instead enhance community sales and sell to vulnerable communities and programmes such as Disaster Management and Mitigation Unit.

Other are the Ministry of General Education home grown school feeding programme, Correctional facilities and hospitals.

Mr. Simachela said FRA expects farmers to adhere to general practice of ensuring that they clean the maize at frame stands to avoid congestion.

He added that all FRA personnel and other stakeholders need to uphold prudence, transparency and accountability for public resources.

And Mr. Simachela said FRA has for the fifth consecutive year maintained a stock loss of one percent.

He said Seven hundred and sixty satellite depots are available this year.

Meanwhile, FRA Executive Director Chola Kafwabulula said the agency has a 942 million Kwacha budget this year.

Mr. Kafwabulula said the agency is prepared and has 19 million empty grain bags.

And Mr. Kafwabulula said 100,000 metric tonnes of maize has been authorised for export and that FRA expects to raise 13 million United States Dollars.

He explained that the destination for maize exports includes Congo DR, Zimbabwe, Tanzania, Rwanda, Burundi, Kenya and Uganda.

Mr. Kafwabulula has announced that 26 Zambian companies and three foreign companies have been engaged to export the maize.

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