Govt ups maize & traditional grains producer prices

By Stanley James Business Editor
ZIMBABWE has increased producer prices for maize, traditional grains, soya bean, sunflower and cotton to ensure a 15 percent profit margin for farmers.
The positive development was announced by the Minister of Information, Publicity and Broadcasting Services, Senator Monica Mutsvangwa in a Post Cabinet Media Briefing in Harare this Tuesday.
For government, it is the need to sustain viability that has necessitated the review of the producer prices.
“Cabinet noted that in order to maintain farmer viability and profitability, there is need to review the prices for maize, traditional grains, soyabean and sunflower so that they are in sync with existing economic realities. A good price that promotes sustainable growth of a particular value chain is that which allows the farmer to realize at least a 15% profit margin. The nation is being informed that CABINET approved as follows, that the maize floor producer price be ZW$75,000.00/MT; that the traditional grains floor producer price be ZW$75,000.00/MT; that the soya bean floor producer price be set at ZW$171,495.00 /MT; and that the sunflower floor producer price be set at ZW$205,794.52/MT,” revealed Minister Mutsvangwa.
It was also revealed that preparations for the safe reopening of schools on the 3rd of May are progressing well.
“Strict enforcement of all COVID-19 regulations is continuing throughout the country. Emphasis has been placed around key activities such as the 2022 Population Census and the Zimbabwe International Trade Fair, which involve a lot of mobility.
“The nation is further being informed that the Ministry of Primary and Secondary Education is currently preparing for the safe reopening of schools on 3 May, 2022 in full compliance with the Standard Operating Procedures for the Prevention and Management of COVID-19 as well as other Influenza-like illnesses,” said Minister Mutsvangwa.
Some of the key takeaways for this week’s cabinet meeting included an update on the response to Covid-19 pandemic, reports on the first 100 Day Cycle of 2022, Principles of the Trafficking in Persons Amendment Bill and government assistance to communities affected by hailstorms.