Bread prices are set to fall in Zimbabwe

Source: Bread prices set to fall | Sunday Mail (Local News) Sunday Mail Reporter THE price of bread is set to drop before the end of the year as the Government has put in place measures to ensure the cost of a standard loaf returns to US$1. On account of the global commodities crisis triggered by the Russia-Ukraine conflict and other factors, the retail price of bread shot up earlier this year to about US$1,20. The country, however, expects a record wheat output of up to 400 000 tonnes, resulting in the projected reduction of the wheat import bill. Addressing journalists on Friday, Lands, Agriculture, Fisheries, Water and Rural Development Minister Dr Anxious Masuka said as wheat harvesting intensifies, the price of bread will inevitably fall. “To cushion consumers with affordable flour and bread, the price of wheat to millers by the Grain Marketing Board (GMB) will be reduced by 4,4 percent from US$680 per metric tonne to US$650 per metric tonne, payable in the ratio of US$33:$67 ...