Retailers in Kenya have demanded for compensation before selling maize flour at the lows of Sh. 100 per 2kg packet.
The retailers who include supermarkets say that the government must pay them Sh. 175 million to compensate for some 750 tonnes of flour they have in stock.
“While the new unga price tags are affixed, our analysis indicates that as of the close of business on July 20, 2022, retailers affiliated with Retrak were holding unsold stocks amounting to more than 750 tonnes,” the retailers under the Retail Trade Association of Kenya (Retrak) said.
Retrak Chief Executive Wambui Mbarire said that retailers who sell maize flour pay for their stock in advance, which means they have stock that was bought at above Sh. 100 per packet of 2kg. Selling this stock at Sh. 100 will result in inevitable losses.
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“Consequently, we have commenced engagements with the respective maize meal suppliers to recover more than Sh175 million, which is a cumulative estimate of the higher price earlier paid to them to facilitate deliveries,” she said.
“We are optimistic that the engagements will bear fruit, and retailers will recover these amounts as rebates or credit notes to facilitate smooth service delivery to our esteemed customers,” Mbarire added.
These demands came a day after president Uhuru Kenyatta announced that the price of unga would be sold at no more than Sh. 100 per 2kg packet and Sh. 50 per 1kg packet.
Prior to this declaration, the price of unga was selling at highs of between Sh. 230 and Sh. 250 per 2kg packet.
