Kenya to import yellow corn for first time since 2011 | Fin24
 
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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:

kenya  |  drought  |  corn  |  agribusiness
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