Millers Slash White Maize Price By Over 50%

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LOCAL grain millers have reportedly slashed the purchase price of white maize by over 50% to as low as $140 per metric tonne.

This follows the high influx of imported maize meal which is currently trading at $310 per metric tonne, the price at which the millers are expected to buy maize.

According to ‘The Herald’, grain millers have been buying white maize from local farmers at $300 per metric tonne but say that price is no longer viable following the flooding of cheap imported maize meal.