![]() ![]() On the other hand, rice prices have been on the rise in the past three months, now retailing at an average Sh186 a kilo, increasing from Sh160 in January. Wheat flour now retails at about Sh200 per 2-kilogram packet. It however projects the likelihood of maize prices rising from an average of Sh4,800 to Sh6,000 for a 90kg bag if no cheap imports come as was promised by the government. “High prices have persisted for the past three months despite some evidence of easing from 2022 peaks in certain countries, with rice price hikes mostly responsible for sustained high cereal prices,” the lender says.Īccording to a recent repot by the Capital Markets Authority (CMA), the cost of a 90-kilo bag of maize grain will vary depending on the source, but would be in the range of Sh5,500 to Sh5,600. The World Bank in its latest food security update report notes that domestic food price inflation still remains high globally with major grain prices remaining mostly unchanged since January. Households should brace for even tougher times in coming months as cereal prices - the staple in most countries - are expected to rise further on the back of unending domestic food prices.
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