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The Grain Marketing Board (GMB) has announced pre-planting prices for the 2024/25 summer season.
Maize and traditional grains will be priced at US$335.14 per metric tonne, while soya beans will fetch US$619.31 per metric tonne, and sunflower US$712.20 per metric tonne.
This announcement, made by GMB chief executive officer Edson Badarai, represents a decrease from the June 2024 prices of US$390 per tonne for maize and traditional grains, and US$713 per tonne for sunflower.
The soya bean price also shows a slight decrease from the previous US$620 per tonne.
GMB has a history of delayed payments to farmers, undermining their financial stability and hindering their ability to plan for future planting seasons.
This issue was starkly illustrated during the 2022/23 winter wheat season when millions of dollars in payments were outstanding, leading to a standoff between the GMB and affected farmers.
The delays were attributed to a vetting process designed to prevent side-marketing, but this measure caused considerable frustration and hardship among farmers.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

The Grain Marketing Board (GMB) has set prices for crops in the 2024/25 summer season. Maize and traditional grains will sell for $335.14 per tonne, soya beans for $619.31 per tonne, and sunflower for $712.20 per tonne. These prices are lower than before. GMB has had problems paying farmers on time, causing issues for their finances. In the past, delays in payments led to conflicts with farmers. The delays were because of a process to stop illegal selling, but this caused more problems for farmers.

GMB Sets Pre-Planting Prices For 2024/25 Summer Season

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 <a href="https://www.sundaymail.co.zw/farmers-upbeat-over-govts-new-wheat-producer-prices">The Sunday Mail</a> on Saturday, Grain Marketing Board (GMB) CEO Edson Badarai explained that this decision aims to boost production and productivity. He stated:
<blockquote>
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.
</blockquote>
Zimbabwe Commercial Farmers Union President Shadreck Makombe expressed gratitude for the government’s responsiveness to their concerns, saying:
<blockquote>
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.
</blockquote>
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: <a href="https://www.pindula.co.zw/">Pindula News</a>

Farmers are happy because they are now getting more money for their wheat. The new prices are $450 for standard grade and $470 for premium grade, all in US dollars. Last year, they only got $440 per tonne. This change will help them produce more. The government listened to their concerns and now they are doing better. They are expected to produce a lot more wheat this year, but some people are not sure about the numbers. Overall, farmers are happy with the new prices and hope to have a successful season.

Farmers Rejoice Over New Wheat Producer Prices

The Government on Friday announced producer prices for strategic crops such as maize, traditional grains, soya bean, and sunflower.
The Grain Market Board (GMB) will only purchase strategic commodities financed under the Presidential Input Programme as well as by self-financed farmers.
The announcement was made by the Minister of Lands, Agriculture, Fisheries, Water and Rural Development, Anxious Masuka, at a media briefing in Harare.
GMB will pay a floor producer price of US$335 per metric tonne for maize and traditional grains.
For soya beans and sunflowers, GMB will pay US$580 and US$696, per tonne respectively.
The prices will be partly paid in foreign currency and the remainder in Zimbabwe dollars at the prevailing interbank rate.
The Government has also set a pre-planting producer price of US$520 per metric tonne of wheat. Said Masuka:
<blockquote>
A floor producer price of US$335 per metric tonne of maize and traditional grains is paid to farmers by GMB as US$200 in foreign currency plus US$135 in local currency.
US$580 per metric tonne for soya beans paid as US$348 in foreign currency and US$232 in local at the interbank rate.
</blockquote>
The Government has also liberalised the marketing of grain with all contractors allowed to buy back contracted crops.
Self-financed farmers will also sell their produce in the market or to the Grain Marketing Board.
More: <a href="https://zero.pindula.co.zw/">Pindula News</a>

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