Following the removal of government subsidies on GMB maize, gran millers have said that that a 10kg bag of roller meal will now cost about $100 in supermarkets.
Here’s the full text of the advisory note issued by the Grain Millers Association of Zimbabwe (GMAZ):
To: Mr. T. Msarara, National Chairman
From: GMAZ Secretariat
Date: 23 November 2019
Ref: ADV004 SUBJECT: COMPUTATION ON PRODUCTION OF ROLLER MEAL
The Government of Zimbabwe has with immediate effect removed subsidies on grain, resulting to the price of GMB maize to ZWL 4,000.00/MT.
1. ROLLER MEAL
In light of the above price movement, the price of roller meal shall be circa RTGS 89.96 per 10 kg bag.
The traditional margin for miller poses to retailers is 13%, thus giving a retail pose of circa RTGS 101.66 per 10 kg bag
Please find attached. comprehensive costing schedules.
Please note that each Miller is free to charge according to their cost structures.