Maize and traditional grains prices reviewed to ZW$100 000 plus US$90
Soya beans prices reviewed to ZW$228 660 plus US$90
Sunflower prices increased to ZW$274 392 plus US$90
Harare - Government has reviewed upwards the producer prices for the 2022/23 summer crop which includes maize, traditional grains, soya beans and sunflower, effective 3 August 2022.
The review comes at a time when farmers have been complaining of low producer prices citing that made it difficult for them to buy inputs for the next cropping season as most inputs were being sold in foreign currency.
With the continued depreciation of the local currency against the United States dollar, the ZW$ component which is the bigger potion of the producer price paid to farmers has continued to decrease in value since the selling season commenced.
In a press release, the Grain Marketing Board (GMB) said maize and traditional grains prices have been reviewed to ZW$100 000 plus US$90 per metric tonne from ZW$75 000 plus ZW$90.
Prices for soya beans have been reviewed to ZW$228 660 plus US$90 per metric tonne from ZW$171 495 plus US$90 whilst sunflower prices have been increased to ZW$274 392 plus US$90 per metric tonne from ZW$205 794 plus US$90.
Meanwhile, GMB encouraged farmers who had not opened their Nostro accounts to do so to enable them to deposit the foreign currency component.
GMB further encouraged farmers to immediately deliver their crops to the nearest depot or collection point.
“We assure farmers of our readiness to provide efficient service,” GMB said.
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