Home » Business » ZIMBABWE’S GRAIN MARKETING BOARD SETS BUYING PRICE FOR MAIZE AT 390 USD A TONNE

HARARE, Zimbabwe's Grain Marketing Board (GMB) will be buying maize and other grains at 390 US dollars per tonne during this 2017 selling season, says Agriculture, Mechanisation and Irrigation Development Minister Dr Joseph Made.

Responding to a question in Parliament here Wednesday, he said payments to farmers for grain delivered to the GMB would be made through bank accounts and not in cash.

"GMB will be buying maize, wheat and millet. The price is the same for all grains. All the grains that will be delivered to the GMB will be bought at 390 per metric ton (tonne)," he said.

Dr Made urged all farmers intending to sell their produce to the GMB to open bank accounts.

"Farmers wishing to sell their grain to GMB must have a bank account so that once a delivery is made, payment is done instantly to their respective accounts," he said.

Musikavanhu member of Parliament Prosper Mutseyami said the idea of bank accounts was not feasible for farmers, most of whom are based in rural areas and the government should consider paying them in cash.

Meanwhile, Dr Made said the GMB was busy renovating and repairing silos in readiness to receive grain, anticipated to be in surplus this coming season. "GMB is busy renovating silos ahead of harvest season. We will also open satellite for the purchase of maize to reduce distance to be

travelled by farmers to the nearest GMB depot," he said.

Zimbabwe expects a bumper harvest this season following good rains as well as the roll-out of a 500 million US dollar three-year command agriculture scheme under which it is targeting to boost maize production to address perennial shortages.

Zimbabwe has in past seasons failed to produce enough maize, its staple crop, to meet its requirements due to a variety of reasons, including droughts and poor planning.

Source: NAM NEWS NETWORK

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