Bread price in Zimbabwe increased by 15%

Source: Bread price up 15% – NewsDay Zimbabwe BY METHEMBE SIBANDA THE price of flour has gone up by 6.5% from $112 000 to $119 000 per metric ton, a situation that also pushed the price of bread up by 15% from $175 to $210. Grain Millers Association of Zimbabwe chairman Tafadzwa Musarara on Tuesday said the new flour prices were effective from January 9, 2022. Musarara said the price hikes were caused by the upward trend in the exchange rate on the auction system, as well as the increase in fuel prices. “The price movement has been occasioned by the upward movement rate on the auction since our last review, increase in fuel, maintenance and running costs, increases in use of substitute\alternative sources of power due to intermittent Zesa supplies, increases in costs of labour, and increases in the price of imported blending wheat,” read the GMAZ statement. Musarara also said GMAZ is currently working on its wheat contracting program, which will implement the government’s Command ...