In partnership with
  • Busting Uber myths

    The ehailing firm is constantly trying, succeeding - and sometimes failing, says Ian Mann.

  • Trapped in a democracy

    The very people elected to bring benefits to all are undermining SA, says Solly Moeng.

  • Marikana spectre

    Five years after the bloody massacre calls for justice are growing louder, says Terry Bell.

Loading...

Kenya to import yellow corn for first time since 2011

Feb 17 2017 19:01
Samuel Gebre and Antony Sguazzin

Johannesburg - Kenya has approved the import of 5 million bags of yellow corn from Ukraine as a drought slashes its own output of the grain.

The imports, the first of the variety since 2011, will be distributed to animal feed millers, said Johnson Irungu, Director of Crops at the Ministry of Agriculture, in an interview on Thursday.

Arrival of the corn from Ukraine will free up more locally grown white corn for human consumption, said Jacques Pienaar, an analyst at South Africa’s Commodity Insight Africa.

Corn yields in Kenya this season have halved because of the drought, the National Drought Management Authority said on February 6. The imports will cost $260 to $270 a ton if landed at the port of Mombasa, according to Pienaar. That would mean a total cost of about $119m.

“It will basically help” ease pressure on white corn supplies, Pienaar said by phone. “It will definitely make a dent.”

Read Fin24's top stories trending on Twitter:

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

kenya  |  drought  |  corn  |  agribusiness

NEXT ON FIN24X

 
 
 
 

Company Snapshot

We're Talking About...

Savings Month

It's never too late to start saving. Visit our special issue and add your voice.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The proposal to nationalise SARB will

Previous results · Suggest a vote

Loading...