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Home Sectors Agriculture

Tanzania’s food stock down to 147,401 tonnes in November, 2022

by Editor
17/01/2023
in Agriculture
0
Tanzania’s food stock down to 147,401 tonnes in November, 2022
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Food stock at the National Food Reserve Agency (NFRA) fell to 147,401 tonnes in November last year as compared to 151,794 recorded the preceding month being a 4393 tonnes drop according to the Bank of Tanzania Monthly Review for December 2022.

According to the report, the food stocks comprised of maize, paddy and sorghum.

“During November2022, NFRA purchased 458.4 tonnes of maize and 54 tonnes of sorghum, and sold 4,905.8 tonnes of maize to councils, and grain traders and millers,” the report said.

Food inflation continued to increase for six months in a row, reaching 9.5 per cent in November 2022, up from 9.1 percent in the preceding month. PHOTO / COURTESY.

Meanwhile, food inflation (food and non-alcoholic beverages) continued to increase for six months in a row, reaching 9.5 per cent in November 2022, up from 9.1 percent in the preceding month

“Much of the increase was observed in prices of soya, maize grains, sweet potatoes, round potatoes, rice and dried beans. In general, throughout 2021/22-crop season, prices of all major food crops increased, mainly owing to higher demand from neighbouring countries, as well as lower than projected food production in some areas of the country,” the report said

The report however noted that food supply situation however remained satisfactory during the month of November 2022.

Tags: #LatestBusinessNews#LatestTanzaniaBusinessNews#LatestTBWNews#TanzaniaBusinessNews
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