Source: Mealie-meal, flour prices to go up – The Standard September 8, 2019
The Grain Millers’ Association of Zimbabwe (GMAZ) yesterday said government had increased maize and wheat prices to millers by 86% and 38% respectively .
In a statement, GMAZ said maize grain is now at ZW$1 300 per tonne from ZW$700 per tonne with wheat going up from ZW$1 600 per tonne to ZW$2 200 per tonne.
“In as much as we (millers) have no problem with these price increases, we, however, foresee maize-meal and flour-related products going up in the near future as a result of these
margins,” GMAZ media and public relations manager Garikai Chaunza.Prices of basic commodities have been going up rapidly as the local currency continues to lose value.
— Staff Reporter
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COMMENTS
ZANUPF have never in their 40 years of running ZW understood basic economics & we see this even today in their knee jerk reactions to all products.
If the RTGS dollar loses well over 90 per cent of its value vs the USD in under 6 months prices will magnify by ten times – this is only the beginning comrades -lots more increases on the way