Millers Want The Price Of A 10kg Bag Of Subsidised Mealie Meal Increased From$72 To $260 - Report

Millers reportedly want a 10kg bag of subsidised mealie meal to be sold to consumers for $260, Newsday reports. This was revealed in a leaked letter from Grain Millers Association of Zimbabwe (GMAZ) general manager Lynnette Veremu to the association’s national executive committee. Part of the leaked letter reads:

The new price of maize has been revised upwards without increasing current subsidy of $72 per 10 kg bag. Should millers proceed to adjust prices of maize meal accordingly at the current subsidy level, the new prices will be, miller to retail, $230,61 and retail to customers, $260,59.

The price of maize has moved from $6 958 00 from Grain Marketing Board to $12 329.72 which is a 77,2% upward movement.

This comes after GMAZ recently announced that they were running out of maize stocks.

More: Newsday