Business / Economy
Zimbabwe bread sales decline by half
06 Aug 2014 at 08:21hrs | Views
Bread sales have dropped by more than half from a maximum of 1.5 million loaves a day to 700 000 per day as a result of the liquidity crunch and high production costs.
The Grain Millers Association of Zimbabwe chairman Tafadzwa Musarara said as a result of the drop in brad sales and uncontrolled flour imports, the milling industry was currently overstocked with bread flour.
Musarara said the local milling industry has an aggregate installed milling capacity of 45 000 tonnes per month against national requirement of circa 18 000 tonnes.
He said the current wheat stocks equated to five month national cover.
Source - Zim Mail
