NFRA Price Cut: K42,000 Reality, K150,000 Dreams, and the Lessons for Maize Traders
The National Food Reserve Agency’s (NFRA) decision to cut maize prices from K55,000 to K42,000 per 50 kg bag confirms a core truth I have long argued: this is not a random market failure, but a policy outcome. When government intervenes in staple food markets, profit motives give way to policy objectives, price discovery ends, […]
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