Eswatini increases maize prices

18/06/2019,

The National Maize Corporation (NMC), the Government's parastatal agency responsible for the purchase, storage and marketing of white maize, raised its procurement and selling price following a recent market review. The country is a net importer of maize and satisfies its supply deficit almost entirely with maize grain from South Africa, where a reduced harvest and higher international prices have driven up prices, consequently inflating import costs for Eswatini. As a result, on 10 June, the domestic price of white maize was increased for a period of three months. The selling price was set at SZL 4 000 (USD 283) per tonne while the buying price at SZL 2 800 (USD 198) per tonne, about 15 percent and 8 percent, respectively, higher than the previous year's levels.