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South Africa: Cosatu calls for probe into increasing maize price

By  |  January 19, 2016

Congress of South African Trade Unions has called for competition authorities to investigate the increase in maize prices, saying they’re being manipulated by traders.

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    The price of maize has roughly doubled in a year as the worst drought in over a century scorches production across key farming regions.

    “Cosatu wants the investigation concluded as a matter of urgency and the perpetrators to be jailed for undermining South Africans’ food security through price manipulation,” the federationsaid in a statement.

    The price for South Africa’s white maize March contract climbed 2.4 percent yesterday to a record high of more than R5,000 a tonne as concerns over the drought weighed.

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