Grain Millers Say That The Supply Of Wheat Remains Stable, No Need To Panic

The Grain Millers Association Of Zimbabwe (GMAZ) has assured the nation that there is enough wheat for the coming months. There is no need to panic-buy as there will be enough bread during the festive season. GMAZ chairman Tafadzwa Musarara said

For the past six months or so, despite delays, we just want to acknowledge that the Reserve Bank of Zimbabwe is indeed making payments towards the importation of our wheat. We have come up with an arrangement to aggregate our requirements, we buy as one and then share according to the amount each member would have paid.

The market remains stable, the supply situation remains stable. Everyone has benefited from the Command Wheat and the arrangement that we have in getting wheat as an association does not bar any of us to make separate or independent purchasing arrangements, but everyone who is in the milling industry has benefited from the wheat that we have imported as GMAZ.

We are expecting a ship that is arriving next week. We had a ship that docked last month and all milling companies have got wheat from that ship which we bought using bond and RTGS. All milling companies have got that wheat as well as last year’s wheat… There are 130 000 tonnes of wheat just recently harvested so we can’t talk about a shortage.

More: Herald

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Reserve Bank of ZimbabweTafadzwa Musarara

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe

Tafadzwa Musarara is a Zimbabwean entrepreneur and a member of the empowerment lobby group, Affirmative Action Group. Read More About Tafadzwa Musarara


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