Source: Zimbabwe’s agriculture authority issues $75 million grain bills to buy maize | Reuters
HARARE (Reuters) – Zimbabwe’s Agriculture Marketing Authority (AMA) has issued $75 million in grain bills to purchase maize from farmers, the authority’s financial advisor CBZ Bank said on Monday.
Grain bills are bonds specifically meant for purchasing maize and are guaranteed by the Zimbabwean government.
Zimbabwe’s maize output is estimated at 1.7 million tonnes this year, down from 2.15 million tonnes in 2017, according to the United Nations Food and Agriculture Organisation.
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