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maize farmers
Caption for the landscape image:

Maize farmers count losses as cheap imports flood market

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Farmers dry maize in Elburgon town, Nakuru County.

Photo credit: File | Nation Media Group

Maize farmers who have been hoarding the crop are staring at heavy losses after cheaper imports from the Common Market for Eastern and Southern Africa (Comesa) member states destabilised local market prices at the expense of domestic producers.

Data from the grain traders’ market indicates that maize prices have fallen from Sh4,600 to Sh4,000 over the past two months. This has eroded the profit margins of farmers who have been holding onto their crops in the hope of getting higher returns.