Tridge summary
Zimbabwe has seen a significant reduction in cereal imports, including maize, due to a record harvest season, with maize output projected to reach 2.7 million tonnes, a 193.1% increase from the previous season. This surplus has led to a decrease in grain imports and is expected to contribute to low food and overall inflation, saving the country hundreds of millions of dollars that were previously spent on cereal imports. The agricultural sector is set to drive the country's economic growth, with a projected growth of 34% compared to the original budget projection of 11%, despite the challenges posed by Covid-19. However, the main imports in May 2021 included machinery and mechanical appliances, mineral fuels, and pharmaceutical products, and the major exports were nickel ores and concentrates, tobacco, and semi-manufactured gold.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Source: Good harvest knocks imports | Herald (Business) Golden Sibanda ZIMBABWE has started reaping the benefits of a stellar agricultural season after cereal imports, including maize, dropped to 1,9 percent in the five months to May 2021 from 9,1 percent in January, official statistics show. Statistics from May’s trade report released by the Zimbabwe National Statistical Agency (Zimstat) show that maize output for this season is projected at a record 2,7 million tonnes, about 193,1 percent up from 0,9 million tonnes produced in last season. The maize output will be complemented by increases in the output of other grains, including sorghum, pear millet and finger millet, a situation that has led to low grain imports, especially after outright ban of maize shipments by the Government. Consequently, the bumper harvest achieved this year after the good rains received across the country will anchor low food and overall inflation decline, according to recent pronouncements by the ...
Source: Zimbabwesituation
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