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ZIMBABWE – The government of Zimbabwe targets to put 90 000ha under wheat in a bid to surpass last year’s yield of 375 000 tonnes following various interventions implemented by the Government and the private sector to bolster production. The country’s optimism follows the recent milestone in achieving wheat self-sufficiency and hence the country now targets the export market for…
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ZIMBABWE – The Zimbabwe Mercantile Exchange (ZMX), a commodity marketplace, has announced that its Warehouse Receipt System has been conferred with Liquid Asset Status by the Reserve Bank of Zimbabwe (RBZ). According to ZMX, a liquid asset is an asset that can be easily converted into cash in a short amount of time. Liquid assets include things like cash, money…
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ZIMBABWE – President Mnangagwa has announced that Zimbabwe has reached self-sufficiency in wheat following last year’s record harvest of over 375 000 tonnes, The Herald reports. According to him, the country has saved up to US$300 million in import costs and is working hard to ensure a lot more wheat is delivered this year. He was speaking during the roundtable…
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ZIMBABWE- Zimgold Oil Industries, one of Zimbabwe’s leading cooking oil producers has shown resilience in prospects of stiffer competition after the government’s decision to lift restrictions on the importation of several basic commodities. According to Zim Independent, the government of Zimbabwe has taken deliberate moves to ease restrictions on imports of basic commodities, among them cooking oil, maize meal, and…
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ZIMBABWE – Zimbabwe has announced the liberalization of its grain trade, opening doors for increased private sector participation in a significant move towards enhancing food security. The move was revealed by Graeme Murdoch, chairman of the Food Crop Contractors Association (FCCA), stating that the private sector will fund three-quarters of Zimbabwe’s wheat crop this year, playing a growing role in…
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ZIMBABWE – The Zimbabwe Mercantile Exchange (ZMX) has announced that it will begin trading maize on the commodities market after the Government liberalized the trading in the strategic grain, with effect immediately. Previously, under Statutory Instrument 145 of 2019 (SI 145), ZMX was not allowed to trade maize as the Grain Marketing Board (GMB) was the sole trader of maize.…
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ZIMBABWE – Zimbabwe and the Belarusian Government have signed a deal to construct US$112 million silos at the Grain Marketing Board (GMB) depots, according to The Herald. Dr. John Basera, the Secretary for Lands, Agriculture, Fisheries, Water and Rural Development revealed while speaking during the winter wheat Preplanting seminar in Glendale. He noted that the new silo program targets areas…
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ZIMBABWE – The government of Zimbabwe has suspended grain imports up to next year following a self-sufficient season, a move that is envisioned to save US$300M from import bills. According to Business Times, the announcement follows a released report by the Crop, Livestock, and Fisheries ministry that highlighted that Zimbabwe’s estimated maize production stood at 2 298 281metric tonnes (MT),…
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ZIMBABWE- The Zimbabwean sunflower production is projected to reach 90 479 tonnes from 11 117 tonnes reaped last season, an 8-fold jump owing to increased production by the small-scale farmers. The projected surge follows the Crop, Livestock, and Fisheries Assessment Report (CLAFA2) for 2022/23, which revealed that the expected harvest would end the surging imports of crude sunflower oil hence…
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ZIMBABWE – Zimbabwe projects cereal production will hit 3 775 720 tonnes for the 2023/24 cropping season, with maize accounting for 3 060 000 tonnes and 715 728 tonnes of traditional grains, The Herald reports. The projection follows that the country has attained seed self-sufficiency for both state-assisted programs and the commercial sector according to a recent report. The announcement…
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