@BusinessDaily

Cereals board buys Sh5.12bn maize as farmers raise deliveries

10 months ago, 2 Jan 17:58

By: Barnabas Bii Bre ...

The National Cereals and Produce Board (NCPB) has bought 1.6 million bags of maize estimated at Sh5.12 billion to replenish the country’s strategic grain reserve as farmers rush to deliver the produce ahead of the next planting season. The deliveries have been boosted by prompt payments of Sh3,200 per 90kg bag, up from Sh3,000 last year, and waiving of drying fees. The board has so far paid out Sh2.6 billion as more farmers deliver the produce due to the attractive price compared to Sh2,400 offered by middlemen. “We shall be making payments for maize deliveries as we receive funds from the government but the process is so far encouraging,” said Mr Titus Maiyo, the NCPB corporate affairs manager. “Policy inspectors have been deployed to our buying centres to ensure that the imported subsidised maize or crop from neighbouring countries do not end up in our stores,” he said. Meanwhile, leaders from the North Rift have petitioned the government to release funds to NCPB for prompt payment of maize deliveries. Led by Moiben MP Silas Tiren, who is also the National Assembly Agriculture Committee chairman, the leaders decried the slow payment of farmers. “The last time we had a meeting with Agriculture Cabinet Secretary Willy Bett, it was agreed that a farmer be paid within 24 hours of delivery which has not been honoured,” said Mr Tiren. Soy MP Caleb Kositany echoed the sentiments saying that farmers should be paid early as they depend on the produce to meet their basic needs and invest in the next crop. However, the NCPB management said measures have been put in place to buy the crop in its centres and silos countrywide. “We are encouraging farmers in maize growing areas of the North Rift region to consider delivering the crop to NCPB depots in Bungoma, Kisumu and Nakuru to ease congestion,” said Mr Maiyo.
Read More


Category: business news corporate lifestyle economy opinion markets

Suggested

13 hours ago, 17:59
@DailyNation - By: Annie Njanja
Airtel, Telkom eat into Safaricom market share

Safaricom lost 1.6 percent of its subscribers’ market share in the quarter ended June as rival Airtel added more users to its network, fresh data from the industry regulator shows. ...

Category: business news topnews
11 hours ago, 19:09
@AfricaNews - By: Victor Muisyo
Dangote Cement to bankroll $275 million project in Niger | Africanews

Nigerian billionaire Aliko Dangote's Dangote Cement group has begun construction work on a cement plant in Keita, near Tahoua, in western Niger. ...

Category: africa topnews news africa_business business
13 hours ago, 18:00
@BusinessDaily - By: John Mutua
Leather manufacturers push for Nairobi training hub

Leather article makers have urged the government to set up a hub that will help small-scale artisans upgrade their skills with the aim of producing better quality products for the international ...

Category: business news
13 hours ago, 17:44
@BusinessDaily - By: James Kariuki
Manji brothers to build Hilton Inn in Westlands, Reunion Islands

Brothers Ashak and Noorani Manji are set to invest millions of shillings in development of two high-end luxury hotels under the Hilton Garden Inn brand. ...

Category: business news
13 hours ago, 17:44
@BusinessDaily - By: James Ngunjiri
T-bills get cool reception at auction

Treasury bills subscription plummeted at the weekly auction to post an overall performance of 63.71 per cent, weighted down by the 182-day and 364-day tenors. ...

Category: business news
13 hours ago, 17:59
@BusinessDaily - By: Doreen Wainainah
Google injects Sh100m into farm digitisation

Tech firm Google on Monday announced Sh100 million grant for training farmers on digitisation and how to leverage technology for increased earnings. ...

Category: business news

@BusinessDaily

Cereals board buys Sh5.12bn maize as farmers raise deliveries

10 months ago, 2 Jan 17:58

By: Barnabas Bii Bre ...
The National Cereals and Produce Board (NCPB) has bought 1.6 million bags of maize estimated at Sh5.12 billion to replenish the country’s strategic grain reserve as farmers rush to deliver the produce ahead of the next planting season. The deliveries have been boosted by prompt payments of Sh3,200 per 90kg bag, up from Sh3,000 last year, and waiving of drying fees. The board has so far paid out Sh2.6 billion as more farmers deliver the produce due to the attractive price compared to Sh2,400 offered by middlemen. “We shall be making payments for maize deliveries as we receive funds from the government but the process is so far encouraging,” said Mr Titus Maiyo, the NCPB corporate affairs manager. “Policy inspectors have been deployed to our buying centres to ensure that the imported subsidised maize or crop from neighbouring countries do not end up in our stores,” he said. Meanwhile, leaders from the North Rift have petitioned the government to release funds to NCPB for prompt payment of maize deliveries. Led by Moiben MP Silas Tiren, who is also the National Assembly Agriculture Committee chairman, the leaders decried the slow payment of farmers. “The last time we had a meeting with Agriculture Cabinet Secretary Willy Bett, it was agreed that a farmer be paid within 24 hours of delivery which has not been honoured,” said Mr Tiren. Soy MP Caleb Kositany echoed the sentiments saying that farmers should be paid early as they depend on the produce to meet their basic needs and invest in the next crop. However, the NCPB management said measures have been put in place to buy the crop in its centres and silos countrywide. “We are encouraging farmers in maize growing areas of the North Rift region to consider delivering the crop to NCPB depots in Bungoma, Kisumu and Nakuru to ease congestion,” said Mr Maiyo.
Read More

Category: business news corporate lifestyle economy opinion markets

Suggested

13 hours ago, 17:59
@DailyNation - By: Annie Njanja
Airtel, Telkom eat into Safaricom market share

Safaricom lost 1.6 percent of its subscribers’ market share in the quarter ended June as rival Airtel added more users to its network, fresh data from the industry regulator shows. ...

Category: business news topnews
11 hours ago, 19:09
@AfricaNews - By: Victor Muisyo
Dangote Cement to bankroll $275 million project in Niger | Africanews

Nigerian billionaire Aliko Dangote's Dangote Cement group has begun construction work on a cement plant in Keita, near Tahoua, in western Niger. ...

Category: africa topnews news africa_business business
13 hours ago, 18:00
@BusinessDaily - By: John Mutua
Leather manufacturers push for Nairobi training hub

Leather article makers have urged the government to set up a hub that will help small-scale artisans upgrade their skills with the aim of producing better quality products for the international ...

Category: business news
13 hours ago, 17:44
@BusinessDaily - By: James Kariuki
Manji brothers to build Hilton Inn in Westlands, Reunion Islands

Brothers Ashak and Noorani Manji are set to invest millions of shillings in development of two high-end luxury hotels under the Hilton Garden Inn brand. ...

Category: business news
13 hours ago, 17:44
@BusinessDaily - By: James Ngunjiri
T-bills get cool reception at auction

Treasury bills subscription plummeted at the weekly auction to post an overall performance of 63.71 per cent, weighted down by the 182-day and 364-day tenors. ...

Category: business news
13 hours ago, 17:59
@BusinessDaily - By: Doreen Wainainah
Google injects Sh100m into farm digitisation

Tech firm Google on Monday announced Sh100 million grant for training farmers on digitisation and how to leverage technology for increased earnings. ...

Category: business news
Our App