Maize growers have been in a shock this season as the corn floated the entire market leading to price depreciation as low as 100 UGsh per kilogram.
A maize farmer standing on his harvest: Courtesy photo
Farmers claim that most of the finances used in planting and maintaining the farms are got from loans and since they have failed to get sufficient market for it, they don’t know how to recover the loans.
Minister of Finance, Matia Kasaija: Internet photo
“Funds will be accessible to all interested traders in the maize business, who have requisite storage, cleaning and drying facilities in order to allow the maize to be stored for at least six months when prices are expected to recover,” Mr Kasaija said.
Lt Gen Charles Angina, the deputy coordinator of Operation Wealth Creation (OWC) urged farmers to ensure that the grains are of high quality and attract higher prices in the near future.
“My appeal is that farmers put that maize on tarpaulins and when they are to harvest, they should harvest maize which is dry,” Gen Angina added.
Gen Angina also added that they are partnering with the World Food Programme to put up medium sized storage facilities of at least 300 metric tonnes across the country and so far 10 have been put in place.
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