Home » General » MAIZE DELIVERIES TO ZIMBABWE’S GRAIN MARKETING BOARD UP 230 PCT

HARARE, July 15– Zimbabwe’s Grain Marketing Board (GMB) has so far taken delivery of more than 40,000 tonnes of maize, up more than 230 per cent from the amount it had received at the same time last year, the Ministry of Agriculture Mechanisation and Irrigation Development says.

The country is expecting a bumper maize crop this season, following good rains which the country received.
The government has set the price of maize at 390 US dollars per tonne for the 2014/15 marketing season and this is encouraging farmers to sell their crop to the GMB instead of to private buyers.

“To date, a total of 40,060 metric tons has been delivered to the GMB depots throughout the country,” said Ringson Chitsiko, the Ministry’s Permanent Secretary. “This is 231 per cent more than the quantity delivered at the same time last year when deliveries were only 12,114 metric tons.”

The GMB, however, still owes farmers 1.7 million US dollars for last season’s deliveries but Chitsiko said the government was making efforts to pay the outstanding balances. This season, the government has so far provided 4.6 million USD for grain purchases, he added.

“The Treasury must be commended for resource mobilisation towards grain procurement given the country’s competing needs against the backdrop of a liquidity crunch,” he said. “Payments for all deliveries will be done within 60 days of delivery or earlier through CBZ Bank and Agribank.”

Chitsiko said the GMB would not be buying maize from grain traders, most of whom were fleecing farmers and re-selling to the parastatal. Middlemen have been accused of buying maize from desperate farmers at
prices below the floor price and re-selling to the GMB at a profit.

SOURCE: NEW ZIANA

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