Zimbabwe : wheat prices increased

Mthuli Ncube, the new price will encourage farmers to return to their lands and show that it is possible to grow wheat suitable for baking in the climatic conditions of Zimbabwe. Photo : AP

NEWSROOM (ADV) – The government of Zimbabwe announced the wheat producer selling prices for the 2018/19 agricultural marketing season at US$630 per tonne. It should be noted that earlier this price was US$500.

Price increase was announced by the Minister of information of Zimbabwe Monica Mutsvangwa yesterday at the meeting with journalists, announcing the decisions taken by the Cabinet. She noted that the new price should stimulate the growth of wheat production.

“Following a presentation by Finance and Economic Development Minister (Professor Mthuli Ncube) as chairman of the Cabinet Committee on Industrial and Economic Development, Cabinet approved a wheat producer selling price of US$630 per metric tonne for 2018/2019 agricultural marketing season,” said Minister Mutsvangwa.

According to Mthuli Ncube, the new price will encourage farmers to return to their lands and show that it is possible to grow wheat suitable for baking in the climatic conditions of Zimbabwe. He also noted that the government is ready to encourage local producers to grow wheat, which can be imported.

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