Bread price set to rise in Zimbabwe

Published 2021년 12월 25일

Tridge summary

Zimbabwe's baking industry is facing challenges such as escalating fuel prices and power outages, which are likely to lead to price increases in bread. The industry's president, Dennis Walla, has urged the government to provide local-dollar-priced fuel to assist businesses that primarily sell in the Zimbabwean currency. The Zimbabwe National Chamber of Commerce (ZNCC) has also expressed concerns about the energy crisis, citing it as a major hindrance to economic recovery. The country has seen price hikes in fuel and basic commodities like bread, with wheat producers increasing prices by 16% per metric tonne.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: Bread price set to rise | Theindependent (Zimbabwe) FREEMAN MAKOPA ZIMBABWE’S baking sector has been thrown off balance by escalating fuel prices and deadly power cuts that have recently rattled the economy. So dire is the situation that some baking industry executives told the Zimbabwe Independent this week that consumers should brace for price hikes in the coming months to guarantee a flawless supply. However, the National Bakers Association of Zimbabwe (NBAZ) said yesterday that for the festive season, the industry had enough stocks of wheat to meet demand. This is the latest in a series of warnings by key industries in the past few months that Zimbabwe’s prolonged energy crisis could reverse significant progress towards economic recovery reported by most sectors in the final quarter of 2021. In the past few weeks, the power crisis that returned to haunt domestic and industrial consumers mid-year has intensified, with companies enduring prolonged power cuts that have ...

Source: Zimbabwesituation