Mealie Meal Prices In Zambia To Go Down
The Food Reserve Agency (FRA) has availed maize to millers that have run out of stocks of the grain. This is an effort to stabilize the price of mealie-meal.
This initiative is bound to go on up to 30 April, next year and may be readily available up to two months for milling companies that will wish to continue.
Given Lubinda, Zambia’s Agriculture Minister, told Parliament yesterday that Government, through FRA, will enter into legally binding contracts with some private millers and avail them maize grains at K85 per 50kg bag instead of K120 as sold by the private sector.
Given Lubinda also said this act will see a 25kg bag of breakfast mealie meal sold at less than K70 while roller will be priced at less than K55.
He also said the role of FRA is not to buy maize in large quantities, but to merely stock strategic reserves. FRA has 930,000 metric tonnes in its reserves.
And Mr. Lubinda said an additional 100 solar powered milling plants will be operational by January next year and this will help reduce the price of mealie meal. The Zambia Cooperative Federation (ZCF) and Zambia National Service (ZNS) will run the milling plants.