Residents of Kebirigo area in Nyamira County have a reason to smile following a steady fall of maize prices despite the looming hunger in the region.
On Friday, the 2kg tin was selling at Sh75 from the usual Sh95-100, making many residents to consider buying the commodity in large quantities in preparation for the probable hunger following dismal performance of the crop this year.
According to those interviewed, the surprise prices might have been as a result of lower charges from the larger Trans Mara region in Narok County, where most traders buy the commodity at subsidised rates.
“Since Monday, the price has been quite affordable because we have been buying 2kg at Sh75 instead of the normal Sh100. Many consumers have flocked the market in purchase of the commodity,” said Vicky Omara.
“The prices are a bit down because we have been purchasing it from Kilgoris in Trans Mara at Sh50. We decided to reduce it due to the trend from our main suppliers,” added business lady Alice Moraa.
However, consumers have worries that the traders might hijack the situation and exaggerate the prices in a bid to make abnormal profits.
“These people are very tricky. They will take advantage again and hike the prices so that they make profits. Very soon you will be surprised that the commodity will be rare hence the beginning of the usual trend of hiking the price,” said Alex Mokua.