Tuesday, April 23, 2024

Mealie-meal prices are shooting up to levels unseen in Zambia-Fred M’membe

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By Fred M’membe President, Socialist Party

Rising mealie-meal prices can have a devastating effect on the health of poor households by making it more difficult for them to afford.

A sharp rise in mealie-meal prices can significantly affect household consumption and nutrition.
Our government needs to reallocate resources to agriculture to spur agriculture productivity.
Sharp rises in mealie-meal prices significantly burden poor households.

Governments should mitigate the impact of price increases and volatility by providing cost-effective, targeted assistance to those in need, rather than resort to market policies.

One effect of higher mealie-meal prices are higher consumer price index (CPI) inflation.

Under this government, increases in mealie-meal prices will continue to have a tremendous impact on our economy and our lives. While it is impossible to project just how long these increases will last and how deep of an effect they will have on the economy, we need to be prepared to protect ourselves against these heightened mealie-meal levels.

Mealie-meal prices are shooting up to levels unseen in this country.

We could be facing a new era of expensive mealie-meal.

If current trends are any indication, these trends are likely to bring plenty of political instability in their wake.

High mealie-meal prices are going to drive more people into poverty.

There should be no room for complacency, these mealie-meal prices are now at dangerous levels and it is also clear that they are causing pain and suffering for poor people.

As usual, it is the poorest of the poor – those who spend the largest proportions of their day-to-day incomes on mealie-meal – who are hit the hardest.

This calls for rethinking our approach. The problem is that rising mealie-meal prices like these have knock-on effects. When it comes to other commodities these markets are very interlinked.

So the price of chickens and eggs goes up as the price of stock feed increases, and that’s affected by the price of maize.

The skyrocketing mealie-meal prices are having many unexpected side effects.

We need to invest in boosting agricultural productivity.

11 COMMENTS

    • So your highest kwacha note (K100) in the land cant buy your most essential commodity, and you coming here dancing that you just bought at K137? I guess politicians have found a way to hoodwink you by practicing INSULIN POLITICS, they seem to be giving you feel good injection jabs like those tuma 12.5kg bags of mealie meal.

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    • Panic buying in Zambia has been forever and will be for the rest of the existence of the poor nation. Panic buying in England only for the duration of the coronavirus episode. Zambians wake up and sort out you woos!

  1. “The US has cut interest rates to almost zero and launched a $700bn stimulus programme in a bid to protect the economy from the effect of coronavirus. The Fed has cut rates to a target range of 0% to 0.25%, and said it would it begin buying bonds – quantitative easing – a move that pumps money directly into the economy.

    It is part of a co-ordinated action announced on Sunday in the UK, Japan, eurozone, Canada, and Switzerland. Stock markets have plunged in recent days amid fears that economic paralysis will wipe out corporate profits and spark a global recession. The first rate cut since the financial crisis in 2008.”

  2. Price of toilet paper up. No food on shelves in Europe, US. please at least we have mealie meal! Of course now demand outstrips supply the price will go up.

  3. The price of mealie meal should be reflected in the price of maize from the farmers to reduce rural poverty which is affecting our rural areas

  4. Comrade Fred, crony capitalists have milked xambia. Time to vote them out. I will love to see you in copperbelt soon. Come to my city Ndola

  5. Time to look at alternatives-rice, plantain, millet, pasta etc. Maize farmers meanwhile enjoying the high price of maize millers are paying….

  6. This Mmembe guy, one sentence repeated 15 times in not so different ways, ati ba president! Your time is gone with Past newspaper iwe. Pamo naba kwisalile ubufi bobe.

  7. The sad part is that Mmembe you were a big part to bringing this issue on the country through your support of low taxes and more money in the pockets agenda without a plan of how this would have been achieved without creating of money, hence borrowing is the only strategy thing the current set up is all they know.

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