Anita's Natural Hair Care

Anita's Natural Hair Care

Products and Services for natural hair. Henna, Indigo, Hair Growth Oil, Antibreakage Treatments, Dandruff Treatments, Deep Moisture Treatments.

Open
HomeAgriculture

Wheat Farmers To Receive All Payments In Foreign Currency

6 months agoMon, 16 Sep 2024 06:50:10 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Wheat Farmers To Receive All Payments In Foreign Currency

The Grain Marketing Board (GMB) has announced that it will exclusively pay for all wheat deliveries from the 2024 winter wheat season in United States dollars.

On Friday, September 13, the GMB revealed the approved producer prices for winter wheat for this season.

The “standard” wheat grade will be priced at US$450 per metric tonne, while the “premium” grade will fetch US$470 per metric tonne, with all payments made solely in foreign currency.

Previously, the GMB paid farmers with a mix of local and foreign currency. However, due to the volatility of the local currency, farmers have been advocating for payments to be made entirely in USD. Said GMB chief executive officer Edson Badarai:

GMB will purchase all wheat financed under the Presidential Input Programme (PIP), and also wheat from Self-financed farmers, wherein Self-financed farmers will sale to the best advantage, either to GMB or the market. In addition, GMB remains the buyer of last resort.

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

 

Contractors will buy back contracted wheat at market prices. Furthermore, GMB, working with ZMX, shall provide commercial warehouse receipts services to all players.

GMB is committed to working with farmers and all stakeholders in contributing to the national food security.

For any clarification, the public can contact the GMB Corporate Communications Department through the telephone line +263 8677004941 or email at publicrelations@gmbdura.co.zw.

While this announcement is likely to please wheat farmers, some commentators have queried why other farmers, such as those growing tobacco and maize, received partial payments in local currency.

Critics suggest that the governing elite, who are believed to be the majority of wheat farmers, are reluctant to accept payments in the Zimbabwean dollar (ZiG) due to its instability, therefore, the move by GMB to buy wheat solely in foreign currency.

More: Pindula News

Tags

12 Comments

Horaa · 6 months ago
zvekuti muchasiya $usd zvachose muchishandisa zig ndezvekupenga zviya.Zig rinourawa nemwene waro
Dr. Zozo · 6 months ago
Zvamunoti ZiG rakasimba tadii kungoti USD harichashanda muno, tongoita ZiG Zag munhu wesee
justice McMillan · 6 months ago
The govt must just order American coins to cover up for change. The local currency struggle can never end as people have lost faith after several failed attempts it's already weakened on the parallel market. who wants to keep such things in his house...?
Jah🇿🇼Tsvarie-07 · 6 months ago
well well the Masuku guy got a pack on the back for capacitating the ruling class to produce wheat and now they are getting USD for their crops at the expense of maize farmers who feed the nation
Patz · 6 months ago
Store of value zveshuwa because 2yrs will pass without receiving those USD payments
Jah🇿🇼Tsvarie-07 · 6 months ago
elitist and political double standards by the powers be why are other crops farmers being paid in zigjunk
Patz · 6 months ago
Who is supposed to promote usage of Zig then when its maker does not like it
...,. · 6 months ago
Preferential treatment given to wheat farmers and petrol barons to access 100% American Dollars as tobacco farmers are paid in a way that puts them out of business. Will the wheat be for local consumption or for export? Unfortunately most of our decision makers have interests in wheat farming and oil and would rather have most of the foreign currency brought in by tobacco be used to run government and dictate the fraction of American dollars the powerless and poor tobacco farmer gets.
chipoko chaPrigozhin · 6 months ago
zvamunoti zig rinotenga madii kubhadara naro chete mabvisa $us
💙💙Blue 🔵cyclone 🌀🌀 · 6 months ago
ndopamazogona kufunga manje ,,next year ndovimba muchaita the same kuvarirmi vefodya
@Man to Man · 6 months ago
Great Zimbabwe

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback