FOOD PRICES STA­BILISE

The Star (Kenya) - - News General -

Most food prices have sta­bilised and costs have de­clined, ex­cept for the cost of a bag of beans that has gone up by Sh95, ac­cord­ing to the Au­gust food re­port. The re­port at­trib­uted the de­cline in prices to good rains. It says a 2kg packet of maize flour has dropped by Sh2 to Sh104.8 from Sh106.2 in July 2016. The av­er­age price of a 90kg bag of maize is now at Sh2,895, down from Sh2,935, in July. The price of a bag of beans is Sh6,430, an in­crease from Sh6,335 in the same month. The price of a bag of pota­toes is Sh2,525, down from Sh2,865 in July, the re­port says. Ac­cord­ing to the re­port, maize stocks stand at 9,622,300, an in­crease from 7,546,397 bags in July 2016. This is due to a peak har­vest­ing of the long-rains crops, which con­tin­ued in Cen­tral, Eastern and Coast through­out Au­gust. Bean stocks stand at 1,162,270 bags, rice at 576,490 and wheat at 2,580,000 bags. The re­port projects an es­ti­mated lon­grain har­vest be­tween Septem­ber and De­cem­ber at 14 mil­lion bags, with an es­ti­mated post har­vest stor­age loss of 2,392,231 bags.

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