Zimbabwe’s government increased farmgate wheat prices to encourage more deliveries of the grain amid a shortage.
Producers will be paid $630 per ton for wheat produced in the June-Aug. growing season, Information Minister Monica Mutsvangwa told reporters Tuesday in the capital, Harare. The price last season was $500 per ton.
“Cabinet further agreed on measures to boost local wheat production,” Mutsvangwa said. The proposals include enabling grain millers and bakers to venture into wheat production for their specific needs and the introduction of programs to enourage greater output, she said, without providing details.
Source: Bloomberg
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