Subsidy roller meal price goes up

By ZBC Reporter
GOVERNMENT has increased the price of subsidized roller meal from ZWL$50 to ZWL$70 with immediate effect.
In a statement, the Ministry of Finance and Economic Development said government introduced a roller meal subsidy pegged at zwl$50 per 10kg bag in order to protect the vulnerable groups.
“However, the wide gap between the market and the subsidised price hs created undesirable arbitrage opportunities for unscrupulous players, resulting in the market and supply distortions. In view of the above, I am pleased to announce that government has reviewed upwards the subsidised price from zwl$50 to zwl$70 per 10kg of roller meal against the prevailing market price of the product,” reads the statement.
The implementation of the new subsidy price is with immediate effect.