22-05-2025
Zambia's Record Corn Crop Signals Inflation Is Set to Cool
Zambia's corn harvest will more than double from a 16-year-low last year to a record high, the government said, which could help quell rampant consumer price growth and increase the chance of rate cuts.
Farmers produced an estimated 3.66 million tons of the staple crop, from 1.5 million tons a year earlier, Acting Statistician-General Sheila Mudenda told reporters Thursday in Lusaka, the capital. The harvest follows improved rains as the southern African nation recovers from the effects of last year's El Niño-induced drought, the worst in more than a century. Food prices soared, leading to costly imports.
