9.5 C
Alba Iulia
Friday, July 10, 2020

Government stikes deal with Grain Traders to keep the Price of Maize price constant until the next harvest

Economy Government stikes deal with Grain Traders to keep the Price of...

Grain Traders Association of Zambia (GTAZ) has agreed with the government to keep maize price constant until the next harvest.

In the statement to ZANIS in Lusaka yesterday GTAZ says that the agreement is of the Government- Private partnership to ensure a constant supply of maize and stable mealie meal prices between now and the next harvest.

The Millers association disclosed that the government will come in with FRA maize to keep the mealie prices stable.

“At no time is Government paying for the maize held by Grain Traders. At this time of the year, maize supply is reducing, and prices are expected to rise until they hit import parity price. As responsible corporate citizens and in response to the Governments appeal, we agreed to forego the opportunity of additional margins and keep our prices at current levels. We have also pledged our support to Government to assist in ensuring that maize supply to the market is guaranteed between now and the new harvest in June 2020,” the statement read in part.

GTAZ feels that the agreement has been reached because of the close cooperation the institution has with the government.

Is predicted that the current maize prices are sitting at K4, 200 per metric ton has the potential to reach import parity level of K5, 900 by the end of December 2019.

[Read 1,035 times, 1 reads today]

4 COMMENTS

  1. The price of meali meal is now K150 for a 25kg bag. Keeping the price at this amount is a death threat to the poor who are cannot afford even at K100. The cost of living is increasing while incomes are decreasing due to loss of business. Long term planning is needed to avoid these failures.

    • how about the poor farmer who are left in poverty to ensure that the people of chawama can have a mean. don’t you think this is the opportunity for the farmers to make some money out of the labour ?

  2. there has always been a systematic policy by all governments to ensure that peasant famers dot get a fair price for there labout

Comments are closed.

- Advertisement -
Loading...
- Advertisement -

Latest News

Government Receives the First 8, 520 Tablets for Census Use, More Expected – PS Chabala

The Government of Zambia, through the Ministry of National Development Panning, has received the first 8, 520 tablets to...

No Political Party is allowed to campaign in correctional facilities across the country-Inonge Wina

Vice President Inonge Wina says no political party is currently allowed to campaign in correctional facilities across the country. Mrs Wina says Government is not...

KCM Saying Caving in of ground at the Nchanga Open Pit happening as predicted

Konkola Copper Mines has announced that the Caving in of ground following slope instability within a section of the Nchanga Open Pit Cut 2...

UPND MP Cornelius Mweetwa refuses to apologize to the Vice President Inonge Wina for calling her disgraceful

Choma Central UPND Member of Parliament Cornelius Mweetwa this morning refused to apologize to the Vice President for calling her disgraceful over the gassing...

Resolve Football Differences, President Lungu urges FAZ as FIFA deadline looms

President Lungu has said that he is hopeful that football stakeholders will resolve their differences before today's FIFA deadline, which will see Zambia banned...

More Articles In This Category

- Advertisement -
[Read 26 times, 1 reads today]