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30 000 Tonnes Of Wheat Stuck In Beira After RBZ Fails To Avail Foreign Currency

5 years agoMon, 17 Dec 2018 02:05:28 GMT
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30 000 Tonnes Of Wheat Stuck In Beira After RBZ Fails To Avail Foreign Currency

Grain Millers Association of Zimbabwe (GMAZ) president Tafadzwa Musarara said 30 000 tonnes of wheat is currently stuck in Beira, Mozambique, after the Reserve Bank of Zimbabwe failed to avail foreign currency amounting to $12,2 million.

Musarara said the country is left with locally grown wheat, which needs to be blended with the imports to get high quality flour for baking. Said Musarara:

Musarara said this comes as stocks of wheat remaining in the country are made up largely of locally grown wheat, which needs to be blended with the imports to get high quality flour for baking. We are just waiting, there is nothing we can do, but we have transferred to the RTGS equivalent of the forex required. In terms of stocks, it is just local wheat, which cannot be used exclusively without imports for making bread. We use the wheat for blending; normally its 70 percent import and 30 percent local, but still the local wheat should be self-raising

Efforts by The Herald to get a comment from the RBZ governor, John Mangudya, were not successful.

More: Herald

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