Bread Will Cost ZWL$730 Due To A Wheat Price Increase
Bread prices are projected to rise after the cost of bread flour increased by 6.25 percent earlier this month, from ZW$112 000 to ZW$119 000 per metric tonne.
Tafadzwa Musarara, chairwoman of the Grain Millers Association of Zimbabwe (GMAZ), acknowledged the price rises in a statement issued on Tuesday.
He explained that the bread flour price rises were caused by “upward movement of the currency rate on the auction since our last review, increase in fuel, maintenance, and operational costs.”
Increased use of substitute/alternative source of electricity owing to irregular ZESA supply, rise in labour expenses, and increase in the price of imported blend wheat.Tafadzwa Musarara
However, he stated that the milling business is still sympathetic to the hardship of customers because demand is low at this time of year.
The successful command winter wheat programme has been critical in stabilising supplies and prices of bread flour and other related products, especially this past festive season.
GMAZ is currently working to increase its wheat contracting programme in the forthcoming 2022 winter wheat season, which will complement government command wheat programme.Tafadzwa Musarara