The Grain Millers Association of Zimbabwe (GMAZ) says Zimbabwe is left with less than 30 days wheat supply.
GMAZ chairperson Tafadzwa Musarara called upon the Reserve Bank of Zimbabwe to quickly avail foreign currency before the situation gets worse.
Speaking to reporters soon after the GMAZ northern region meeting on Wednesday, Musarara said:
On the wheat side, all milling companies have less than 30 days’ supply left. Hence we are calling on the Reserve Bank of Zimbabwe to quickly avail the much needed foreign currency before the situation worsens.
Musarara also revealed that the price of mealie-meal is et to go up in response to the newly gazetted producer prices. He said:
As you are aware, the government recently gazetted new prices that will be paid to farmers. The increase is by about 70 per cent and as millers, we cannot absorb the costs. So we have consulted our members and agreed on a new price structure.
However, we will be withholding the announcement on when the new price structure will be effected until we have consulted the government but we definitely can’t absorb the new producer prices.
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Tafadzwa Musarara is a Zimbabwean entrepreneur and a member of the empowerment lobby group, Affirmative Action Group. Read More About Tafadzwa 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