Maseru, Lesotho, April 10 -- April 2024 - In the wake of escalating raw white maize prices, Lesotho Flour Mills has taken the proactive step of revealing the underlying factors driving this unsettling trend. Following low rainfall and hotter than usual weather during the past two months, across Southern African countries , Lesotho Flour Mills finds itself at a crossroads, compelled to adjust maize meal prices.
The root cause of the price surge stems from a significant spike in South African raw white maize prices, a staple import for Lesotho Flour Mills. As reported by Lesotho Flour Mills's Chief Executive Officer, Mr. Fourie du Plessis, the price of South African white maize surged by a staggering 39% within a span of just two months, cat...