Deregulation of The Food Reserve Agency|Zambia’s Maize Floor Price
http://www.maizemillingmachinery.com/solution/Zambia-maize-floor-price.html Agriculture provides the main support for Zambia’s rural economy, and because of this, growth in the agricultural sector is the clearest avenue through which poverty reduction can be achieved in Zambia. Sixty seven percent of the Zambian population depend on agriculture, primarily through smallholder production for their livelihoods and employment. Zambia recognizes agriculture as one of the key priority sectors in achieving sustainable economic growth and diversification away from copper mining. The Food Reserve Agency -FRA- recently made a decision to set the floor price of a 50 Kilogram bag of white maize at 60 Kwacha under the 2017 crop marketing exercise. The FRA further announced that it will restrict its grain purchase to 500,000 metric tonnes of grain as National Strategic Reserve (NSR) in line with Government policy guidelines and will no longer sell grain to millers who will be expected to buy
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