News

Zimbabwe sets new wheat record

Wheat
Zimbabwe
Market & Price Trends
Published Nov 19, 2023

Tridge summary

Zimbabwe has achieved a record wheat harvest of 465,000 tonnes, surpassing national demand by 100,000 tonnes. The surplus could lead to a decline in prices for staple foods like bread, as the country considers exporting some of its wheat and importing hard wheat. The government's investments in wheat production, along with favorable pre-planting prices and improved irrigation, have contributed to the successful harvest.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Source: Zim sets new wheat record | Sunday Mail Theseus Shambare THE country’s record wheat haul, which now stands at a staggering 465 000 tonnes, could potentially lead to a decline in prices for basics like bread, it has been learnt. The harvest from this year’s winter wheat crop is 100 000 tonnes more than national demand, which presently stands at 360 000 tonnes. Flour is a major ingredient in many staple foods such as bread, pasta and pastries. Soft wheat, which Zimbabwe produces, is typically milled into flour and used to make a wide range of foods, including bread, muffins, noodles, pasta, biscuits, cakes, cookies, pastries and cereal bars. Grain Millers Association of Zimbabwe (GMAZ) chairperson Mr Tafadzwa Musarara said the country could export some of the soft wheat in return for only 30 percent hard wheat to meet the market standards of bread. “To us, this is the smartest way of doing business. We will not need foreign currency to import,” he said. “What this means is, ...
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