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GMAZ speaks on Wheat pricing

by Simbarashe Sithole / Tarisai Mudahondo
25 Sep 2021 at 14:29hrs | Views
The Grain Millers Association,in a statement,said,the recently announced producer price of wheat,which will see the commodity selling at ZW$55.517.69 per metric tonne will keep producers in business,while consumers will afford.

GMAZ chairperson Tafadzwa Musarara said , "The grain milling industry welcomes the winter wheat producer price announced by cabinet this week.The price of ZWL 55,517 69 per metric ton for ordinary grade and ZWL 66,621 22 per metric ton for premier grade in our considered view is viable and profitable to farmers.

The second republic is recording success in forging strategic alliances with private sector in attaining maize and wheat national self sufficiency. On the maize supplies we now have national 12 months cover,and expected wheat harvest will provide circa national 18 months cover".

He added that," We applaud government in maintaining a competent subsidy regime that will achieve viable producer prices for farmerst and on the other hand stabilise prices for bread and other related prices. Subsidy regimes are currently used in the USA and EU as a key instrument to contain food inflation.

It is our fervent hope that the partnership between private sector and government will continue to gain traction and reduce significantly the food import bill".

Industry officials said Zimbabwe's deliberate strategy to sunrise the production and marketing of wheat sustains the sector.

Over the years Zimbabwe gripped by hunger, has been in importing grains, particularly wheat.

Nevertheless, President Emmerson Mnangagwa's government has deployed a range of policy measures to cut Zimbabwe's import bill, including subsiding the production of wheat. Most families in Zimbabwe eat bread.

Source - Byo24news