The Food Reserve Agency (FRA) has purchased 875,000 metric tons (mt) of maize from farmers, exceeding its earlier target of 500,000 mt.
Maize grain prices have been falling, but they are still above their respective five-year average values. Prices of other food commodities, such as roller meal, breakfast meal, dry beans, and groundnuts, have been declining as well.
At markets in Nchelenge district, maize grain, maize meal, cooking oil and salt prices were stable while dried bean prices were up by 12 percent.
The cost of the Basic Needs and Nutrition Basket has declined owing to reductions in prices of some locally produced and imported food items.
The annual price inflation rate declined for a third month in a row.
The performance of the 2021/22 rainfall season has been largely favorable and consistent with expectations, with substantial rainfall amounts observed in Northern, North Western and Luapula provinces.