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UGANDAN FARMERS NOT TO SELL THEIR MAIZE FOR LESS THAN 500 SHILLINGS A KG

KAMPALA-- Although maize prices are continuing t fall across the country, the Ugandan Government has advised farmers not to sell their maize at less than 500 shillings (about 13.6 US cents) per kilogramme, which is the minimum price set for the staple food.

Finance Minister Matia Kasaija said Wednesday that the government had been forced to intervene in the liberal political economy of free market forces to set the maize price at 500 shillings in order to rescue farmers, who have failed to obtain a rofitable market for their produce.

The minimum price for a kilogramme of maize should be 500 shillings. Therefore farmers should not sell maize at less than 500 shillings, he said.

Speaking to journalists at the Uganda Media Centre in Kampala, Kasaija revealed that a series of meetings between government officials, top maize traders in the country and commercial banks was held on Monday this week to rescue the farmers.

Working with maize traders, the government and commercial banks will advance low interest loans to traders to enable them buy maize from farmers at sh500 and above. He urged farmers to ensure the quality of their maize if they wish to benefit from the interventions.

Farmers should also be mindful of the maize quality and therefore harvest maize which is properly dry because good maize attracts a good price."

Source: NAM NEWS NETWORK

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