Grain Millers say that they want to maintain the current regime where the 10 per cent mark-up retail price on mealie meal is 10 per cent.
They also rejected selling their products in foreign currency, as has become the norm with some businesses and government departments.
Speaking at a joint meeting with retailers and wholesalers in Bulawayo on Thursday, Grain Millers’ Association of Zimbabwe (GMAZ) president Tafadzwa Musarara said:
We have to work together. We came up with a Memorandum of Understanding where we agreed that from time immemorial, the margins for salt has been 10 per cent and in our case, it should be 10 per cent plus two per cent intermediary tax plus 1 per cent bank charges.
The margin for-mealie meal was 10 per cent, plus two per cent (intermediary tax), and 1 per cent (bank charges), rice has been a maximum of 20 per cent inclusive of the two per cent (intermediary tax) and 1 per cent bank charges, self-raising flour has been 20 per cent inclusive of two per cent intermediary tax and one per cent bank charges, the same with sugar beans.
Musarara revealed that starting on Monday next week, GMAZ will send price monitors across the country to make sure that retailers adhere to the maximum mark-up of 10 per cent.