Zambia’s Maize Floor Price, The Food Reserve Agency and De-Regulation
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By PMRC Executive Director Ms. Bernadette Deka Dear Friends and Colleagues, Agriculture provides the main support for Zambia’s rural economy, and because of this, growth in the agricultural sector is the clearest avenue through which poverty reduction can be achieved in Zambia. Sixty seven percent of the Zambian population depend on agriculture, primarily through smallholder production for their livelihoods and employment. Zambia recognizes agriculture as one of the key priority sectors in achieving sustainable economic growth and diversification away from copper mining. The Food Reserve Agency -FRA- recently made a decision to set the floor price of a...