Prices For Bread, Mealie Meal Go Up As Ukraine-Russia War Wreaks Havoc On Economy

Prices For Bread, Mealie Meal Go Up As Ukraine-Russia War Wreaks Havoc On Economy

 

Prices For Bread, Mealie Meal Go Up As Ukraine-Russia War Wreaks Havoc On Economy
Photo: Jennie Hills/TIME

 

 

Following the recent increase in fuel prices and liquified petroleum gas this week, the conflict between Russia and Ukraine continues to wreak havoc on the local economy. This comes after the Grain Millers Association of Zimbabwe (GMAZ) announced that the prices of mealie meal and bread will also be going up due to the same conflict.

GMAZ chairperson Tafadzwa Musarara announced an increase in the prices of mealie meal and bread flour. He said that the upward reviews had been necessitated by the rise in the costs of the two products.

Musarara said the Grain Marketing Board had increased the cost of maize from ZWL $43 000 to ZWL $50 000 per metric ton, and the price of flour has gone up by 14,74% to $136 544 per metric tonne.

Speaking on the new prices, Musarara said,

“Maize Meal retail price for 10kg Roller Meal will increase by 15 percent 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 Ton.”

Musarara added,

“The upward trend was anticipated to continue on the back of the disturbances in east Europe. Wheat constitutes 30% to 42% of the cost of bread.

“The government-sponsored wheat farming programmes have recorded the highest yield since the commencement of wheat farming in Zimbabwe. However, the war in Ukraine has greatly affected dynamics, leading to the price increases.

“The country will need to import 155 000 metric tonnes of wheat to mitigate on the variance between local production and national demand,” he said

The National Bakers Association of Zimbabwe (NBAZ) is yet to comment on the increase in the price of bread flour.

 


Articles You May Want To Read,


 


  • How To Never Miss IHarare Latest News On Your News Feed Following Facebook’s New Algorithm

  • The post Prices For Bread, Mealie Meal Go Up As Ukraine-Russia War Wreaks Havoc On Economy appeared first on iHarare News.