Business / Companies
Fertiliser prices to go down 20%
21 Aug 2015 at 07:48hrs | Views
Zimbabwe's crop production is poised for a major rebound in the wake of an impending 20 percent cut in the cost of fertiliser.
If implemented, the price reduction would see a 50kg bag of fertiliser which is selling at $38, coming down to $30.
While that price remains high compared to prices in the region, it would be a good starting point for most farmers.
Fertiliser industry spokesman Misheck Kachere attributed the price reduction to increased capacity utilisation from last year's 30 percent to 80 percent this year after local and foreign interventions.
Kachere said farmers can expect to start feeling the price reduction by the end of this month.
Source - the herald