By Staff Writer, Lusaka
Food Reserve Agency (FRA) Board Chairman, Joe Simachela has confirmed that the agency has increased its maize buying price from K65 per 50 kg bag to K70.
However, Mr Simachela says that the buying price for soya beans remains at K130 and a 40 kg bag of paddy rice remains at K70.
He says these are FRA prices and
not Government floor prices, hence farmers are encouraged to negotiate for better prices with other market players who may buy the larger quantity of the what has been produced.
Mr Simachela has since reiterated that the FRA is committed to its mandate to
purchase and administer the National Strategic Food Reserve through the efficient provision of market access to
the rural based Small Scale Farmers who are the primary stakeholders of the programme.
The increase in maize buying price follows President Edgar Lungu’s directive for the agency to revise the price.
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