According to the latest BoT Monthly Economic Review for September 2021, NFRA purchased 16,250.57 tonnes of maize to replenish their stocks.
“The food stock consisted of maize grain, paddy and sorghum,” the report noted.
NFRA in April this year embarked on a strategy to purchase crops from farmers so that they could be reserved to guarantee national food security incase of reported food shortage.
NFRA Chief Executive Officer (CEO), Milton Milos announced that the agency purchased three types of food crops namely maize, rice and millet from farmers.
“We decided to purchase three cash crops so as to strengthen the food reserve in case of a shortage so as to boost our stock but we already had sufficient stocks,” he said.
He noted that the agency had succeeded in reserving grains for a number of years while observing quality standards, which made Tanzanians to enjoy quality food released by the agency.
Meanwhile BoT has reported that wholesale prices of selected food crops in different parts of the country were relatively low in August 2021, as compared to the same period last year due to adequate food supply in the market as a result of good weather in the 2020/2021 season.
According to the report, the general wholesale food prices for food crops were low save millet
“On month-to- month basis, the prices of selected food crops increased save for round potatoes as the marketing season of most food crops approached the end,” according to the Central Bank.