Trade and markets
 

Detail

Area
Zambia
Commodity Group
Grains
Commodity
Maize
Date
01/05/2011
Policy Category
Consumption and marketing
Policy Instrument
Government procurement
Description
Food Reserve Agency (FRA) purchases 1.3 million tonnes of maize between June and October, following a 2011 record maize harvest of 3 million tonnes. The procurement price is set at USD 273 per tonne (ZMK 1.3 million), similar to last year\'s level, despite falling market prices, to maintain farmers’ income.