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Low maize prices

    JOHANNESBURG

    Zambian maize prices have ended their free fall but remain well below the regional average, putting pressure on producers. Reuters reported the Agricultural Commodity Exchange as saying on Monday that the prices paid by millers around Lusaka had stabilised at a bid price of US $124 a tonne and an offer price of US $128. At these levels, Zambian commercial farmers, many of whom have to repay hefty loans and have high overheads, are barely able to break even, the dispatch said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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