Roller meal price set to increase

THE Grain Marketing Board (GMB) is reportedly left with maize stocks for only three days while the price of roller meal is set to increase after the parastatal hiked the price of maize by 77% last week.

Last week, the GMB raised maize grain prices to $12 329 up from $6 958 per tonne at a time the government was ordering businesses to reduce prices of basic commodities to prices obtaining in the market as of March 25.

The price increase was effected without consultations with millers, who now want prices of the subsidised staple food to go up by close to 100%.
A leaked letter by the Grain Millers Association of Zimbabwe (GMAZ) general manager Lynnette Veremu to the association’s national executive committee shows that millers want to hike the prices from $72 to $260 per 10kg packet of subsidized roller meal.

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