Mealie-meal, bread flour price up

by | Mar 11, 2022 | Business, International, Local News | 0 comments

Mealie-meal, bread flour price up

• as effects of the Russia-Ukraine war continue to be felt

Yvonne Mutambwa

The Grain Millers Association of Zimbabwe has announced an upward review in mealie meal and bread prices.

This is due to the Ukraine/Russia war and rising tensions in Eastern Europe.

In a statement today, GMAZ Chairman Tafadzwa Musarara said Grain Marketing Board had increased the cost of maize from ZWL 43 000 to ZWL 50 000 per metric tonne, which will result in an increase in mealie meal prices.

“Maize Meal retail price for 10kg Roller Meal will increase by 15 % from ZWL 955 to ZWL 1099.

Bread Flour will move up by 14,74 percent from ZWL 119,000 to ZWL 136,544 per Metric Tonne,” said Musarara.

GMAZ said the wheat landing price has surged from $475 to $675.

He said the increase is anticipated to continue on the back of the disturbances in East Europe.

Wheat constitutes 30-42 % of the cost of bread.

Zimbabwe is consuming 16 000 metric tonnes of bread flour monthly and approximately 1,2 million loaves a day.

Musarara said the situation could have been worse, had it not been for Government`s foresight.

“Government sponsored wheat farming programmes have recorded highest yield since the commencement of wheat farming in Zimbabwe. However the war in Ukraine has greatly affected dynamic leading to the price increase,” said Musarara.

Musarara said the 2021 local winter wheat harvested saved the country USD146 million.

“This proves to be a profitable import substitution transaction. However the country will need to import 155 000 metric tonnes of wheat to mitigate on the variance between local production and national demand,” he added.