Commercial Farmers' Union of Zimbabwe

Commercial Farmers' Union of Zimbabwe

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Zambia agrees export of 300,000 T maize to Zimbabwe

Zambia agrees export of 300,000 T maize to Zimbabwe

Sat May 5, 2012 11:10am GMT

* Carry-over surplus cut to 330,436 tonnes

* To cut surplus to 46,495 tonnes by June

LUSAKA May 5 (Reuters) – Zambia signed a contract to export of 300,000 
tonnes of maize to Zimbabwe from its huge surplus of carry-over stocks from 
last year, Zambia’s Food Reserve Agency (FRA) said on Saturday.

“The sell reduces the surplus stock being held by the agency to 330,436 
tonnes,” the FRA, which is in charge of maize exports, said in a statement.

The agency said it planned to reduce surplus stocks to 46,495 tonnes by June 
to create space for new stock and prevent price distortions.

The FRA estimated that Zambia lost 190,388 tonnes of maize from its 
2011/2012 harvest due to inadequate storage facilities.

Carry-over stocks of 770,931 tonnes from the last season plus current 
production gave the country a maize surplus of 1,035,333 tonnes.

Zambia’s maize output declined by about 6 percent to 2.8 million tonnes in 
the 2011/2012 season.

It needs just over 2.5 million tonnes of maize for human consumption, 
strategic reserves, stock feed and brewing.


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