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The cost of food is rising globally and Kenya is no exception especially after the interruptions recently we might be hit even harder. Case in point I buy a litre of milk @ 11 rands which translates to about Kes: 44 per half litre. Anyway, the effects r much wider goin to bread, cereals, fruits, vegetables etc. One of the reasons is definitely commodity trading where traders are speculating heavily with food including buying in volumes and holding this waiting for prices to rise therefore reducing supply. However, thats just one side of it. Bio fuels are also shifting supply and focusing production on corn and sugarcane etc. Making farmers to stop producing other crops. But a positive is that there plans to open a commodity exchange in the country bringing the benefits of higher prices close to the farmer.
