Find us on Google+

Monday, 24 May 2010

A reason to be cheerful

Zambia said on Saturday its 2009/10 white maize output rose by 42.1 percent from the previous year, making it the highest crop harvest in about 22 years which will help to maintain low maize production rose to 2.7 million tonnes, beating last season's harvest of 1.9 million, to leave the surplus at 1.1 million tonnes....Zambia initially planned to export between 50,000-80,000 tonnes of maize this year, with commercial farmers urging the immediate export of up to 178,000 tonnes of 2009 carry-over stocks to ensure better local prices for this season's crop.Industry officials say exports could now be much higher.
Its not all doom and gloom and we must congratulate government and our hard working farmers (including the traditional leaders) for this historic achievement. One hopes that this will provide a measure of confidence for the government to push for further reforms especially with regards to exports and FRA. More on this year's achievement via Reuters.

1 comment:

  1. Ethiopia's Commodity Exchange tries to provide a transparent trading environment and other advantages:


All contributors should follow the basic principles of a productive dialogue: communicate their perspective, ask, comment, respond,and share information and knowledge, but do all this with a positive approach.

This is a friendly website. However, if you feel compelled to comment 'anonymously', you are strongly encouraged to state your location / adopt a unique nick name so that other commentators/readers do not confuse your comments with other individuals also commenting anonymously.