• About Us
  • Contact
Thursday, March 30, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Markets

Tanzania freezes maize exports permits to protect its local stock

by Web Admin
07/09/2022
in Markets
0
Tanzania freezes maize exports permits to protect its local stock
Share on FacebookShare on Twitter

Tanzania has frozen issuance of new maize export permits in what could worsen the shortage of the product that has driven prices of flour to historic highs.

Several millers and animal feed manufacturers told Business Daily the neighbouring country stopped issuing permits last week, tightening the supply of the staple locally.

Men carrying sacks of maize. Tanzania has for the last two years become a key source market for maize to bridge deficits especially after the two countries mended their trade ties. Photo / Courtesy.

“We have been unable to get maize from Tanzania since last week after the country stopped issuing export permits to traders with the cutting off of stocks from Tanzania expected to push up the cost of flour,” said Ken Nyaga, the chairperson of the United Grain Millers Association.

John Gathogo, publicity secretary of the Association of Kenya Feed Manufacturers, said their members are unable to get stocks from Tanzania as well following the move that has seen processors cut down on production.

Millers are issued with a one-off permit for grain export from Tanzania and they need to apply for a new one every time they intend to ship maize out of that country.

Tanzania has for the last two years become a key source market for maize to bridge deficits especially after the two countries mended their trade ties with the change of regime last year following the death of former President John Magufuli.

Data from the Eastern Africa Grain Council shows imports from Tanzania nearly grew five-fold last year to 469,474 tonnes from 98,000 tonnes in 2020. The development has left processors jostling for stocks that are available locally and a few imports coming in from Zambia. Tanzania restricts exports to protect its local stock following poor harvests.

The Kenya Bureau of Standards (Kebs) said the maize coming in through the Namanga border has significantly declined, confirming that imports into the country at that point is originating from Zambia.

“We have witnessed a significant decline in maize coming in from Tanzania; on average we are now getting 10 trucks from a high of 80 trucks previously,” a Kebs official at the Namanga border said.

The move leaves Zambia as the only key source market for the produce to bridge the local deficit as most stocks from Uganda— also a key source — is now heading to South Sudan owing to high prices in Juba.

The shortage occasioned by Tanzanian ban will push up the price of maize locally to Sh5,900 for a 90 kilogramme bag from Sh5,400, according to millers.

Kenya has been relying on cross-border stocks from Tanzania and Uganda to meet the rising demand of flour after supply in the local market dwindled. The price of flour has jumped to Sh210 for a two-kilo pack after the subsidy programme that lowered the cost to Sh100 ended.

Countries in the region are competing for a limited white maize for flour and animal feeds.

SOURCE: BUSINESS DAILY

Web Admin

Web Admin

Next Post
Private sector roots for harmonization of EA standards to boost intra-EAC trade

Private sector roots for harmonization of EA standards to boost intra-EAC trade

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Thu, 30 Mar.

Recommended

Tanzania’s mining sector registered a 9.8 pct growth rate in Q3, 2022

Tanzania’s mining sector registered a 9.8 pct growth rate in Q3, 2022

3 months ago
Global oil demand returns to growth trajectory

Global oil demand returns to growth trajectory

2 months ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili