Govt Sets Producer Prices For 2018/19 Season Harvest

The Cabinet on Tuesday announced new producer prices for the major cash crops ahead of the 2018/19 season harvest. The prices are as follows:

  • Maize – RTGS$726 per tonne
  • Wheat – RTGS$1089.69 per tonne
  • Soya – RTGS$918 per tonne
  • Cotton – RTGS$1950 per tonne

Meanwhile, the government will sell maize at a 38.5% discount to millers, maintaining a subsidy on the staple crop.

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Real-time Gross Settlement (RTGS) is a fund transfer system where the transfer of money takes place from one bank to any other bank on a "real time" and on a gross basis. Settlement in "real time" means a payment transaction is not subjected to any... Read More About RTGS

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Govt Sets Producer Prices For 2018/19 Season Harvest