Grey Freight Continental

Grey Freight Continental

Freight and custom clearance services locally, regionally and internationally. We offer freight services at strategic Southern African ports and borders.

Open
HomeAgriculture

Farmers Rejoice Over New Wheat Producer Prices

6 months agoMon, 16 Sep 2024 13:49:16 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Farmers Rejoice Over New Wheat Producer Prices

Farmers have welcomed the new producer prices for wheat, set at US$450 per tonne for standard grade and US$470 for premium grade, with payments made exclusively in United States dollars.

During the 2023 winter wheat season, farmers received US$440 per tonne, with payments split 75% in US dollars and 25% in Zimbabwe dollars at the prevailing interbank rate.

Speaking to The Sunday Mail on Saturday, Grain Marketing Board (GMB) CEO Edson Badarai explained that this decision aims to boost production and productivity. He stated:

After extensive consultations with all stakeholders, the parastatal decided to pay farmers exclusively in USD to encourage production. In addition to the base price, we have introduced a US$20 incentive for premium-grade wheat. These measures are part of our efforts to ensure food security every day, everywhere.

Zimbabwe Commercial Farmers Union President Shadreck Makombe expressed gratitude for the government’s responsiveness to their concerns, saying:

Click here: Pindula WhatsApp Channel
wa.me/channel/0029Vb4GVea90x2nCSDImS1b

 

We should give credit where it’s due. We obtain loans in foreign currency, and it has been challenging to repay them using local currency. We presented our grievances, and the government acted on them.

Zimbabwe National Farmers Union President Monica Chinamasa said that “farmers are pleased with how the season is progressing,” as Zimbabwe is projected to achieve a record harvest of 600,000 tonnes of wheat, surpassing last season’s record of 468,000 tonnes.

However, the tonnage figures declared by authorities have often faced criticism. The government would a surplus, stating that silos are overflowing with grain, while grain millers continue to import hundreds of thousands of metric tonnes to meet local demand.

More: Pindula News

Tags

7 Comments

Big Dude · 6 months ago
Munotenda nehurumende yeZanu madya mari iyoyo. Mukanonoka kumedza vanokutorerai mukanwa
PVC · 6 months ago
The reason it's being paid exclusively in US dollars is most of those who ventured in wheat farming are those in country's leadership. They don't like Zig. It's useless to them.
Gweta · 6 months ago
Farmers should insist on payment inUS$ upfront, kana kuti vanonyura big time.
Patz · 6 months ago
Gvt is promoting use of USD not ZiG. Funny isnt it. I used to wonder why poor quality paper was used to make Zig
Patz · 6 months ago
Heya hurumende inotoziwa zvayo kuti Zig marara cannot boost production and productivity. All the farmers should be wary of falling into a trap as the US may not come so easy- payment may take 2 yrs or goal posts will change after deliveries as we all the jittery of out gvt if it comes to currency inconsistence
moto · 6 months ago
isu vecotton tichishandira mafufu semakonzo
Legend<4>Real · 6 months ago
wheat yakanaka US chete chete gore rino

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback