PRICE OF MAIZE, RICE, BEANS LIKELY TO HIKE

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PRICE OF MAIZE, RICE, BEANS LIKELY TO HIKE
PRICE OF MAIZE, RICE, BEANS LIKELY TO HIKE

Africa-Press – Eswatini. With companies like Tiger Brands in South Africa having hinted that their products including rice will soon hike, Eswatini is more likely to see prices for products such as rice, maize and beans going up.

The National Maize Corporation (NMC) confirmed that with the products that are mainly imported, it was likely that they would also hike prices.

“Prices are influenced by the supply and demand of that particular product.

“With our products mainly imported, it is likely that we will follow what happens in those external markets,” the corporation stated. It further mentioned that it would keep monitoring the market to ensure that consumers get the products at affordable prices.

When questioned if NMC had enough maize, rice and beans to supply the nation amidst the price hike of SA products, he said the country was still not self-sufficient, hence the need to import. “With this in mind, it means we will still rely on the external market to ensure continuous supply to the Eswatini market,” NMC stated. The corporation further revealed that on average they supply 14 000MT of maize per quarter, 450MT of rice and 120MT.

“With the initiatives that NMC has embarked on to promote and improve grain production in country, we are optimistic that we will have surplus that we might export,” the corporation stated. NMC further revealed that it was looking at the development of consistent sorghum and groundnuts production in the country.

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