Saama said summer rain had been very patchy in the last few weeks and some areas‚ particularly in the west‚ had not had the follow-up rain they needed for the maize crop to realise its full potential. Expectations for the current maize crop have therefore been reduced in the light of these adverse weather conditions. This is reflected in the domestic maize price which has risen in the last two weeks.
Farmers were consequently holding back on their purchases of agricultural equipment‚ at least until they have a better idea of the prices they will get.
The international Food and Agricultural Organisation Cereal Price Index fell by 3.6% in January from December. The index is now at its lowest level since July 2010 and is 34% below its June 2008 peak.
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