Zimbabwe food inflation bites as grain millers raise prices on Russia crisis

Published 2022년 3월 11일

Tridge summary

Zimbabwean millers have increased the prices of maize meal and flour by 15% due to rising global grain and fertiliser costs caused by the Russia-Ukraine conflict. The country, which relies on Russia for wheat imports and fertiliser, faces the risk of further price hikes and potential food shortages. The economic woes are compounded by high inflation, fuel price increases, and a rapidly devaluing currency, with over 5 million Zimbabweans facing hunger. The expected economic rebound under President Emmerson Mnangagwa has not materialised, leading to political tensions ahead of the 2023 elections.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Zimbabwean millers on Friday raised prices for the staples maize meal and flour as the Russia-Ukraine conflict pushed up global grain and fertiliser costs, raising the risk of hunger in a nation already fragile from Covid-19 and economic mismanagement. The association of private millers said Zimbabwe, which expects to import 155 000 tonnes of wheat this year through October, traditionally sources most of its wheat imports from Russia, from where supplies have been disrupted by the war. Russia is also a major supplier fertilizer to Zimbabwe, raising the prospect of further hikes in prices driven by shortages and price hikes in inputs when the planting season starts later this year. Maize meal will increase by 15 percent to 1,099 Zimbabwe dollars (R127) from 955 Zimbabwe dollars, the Grain Millers Association of Zimbabwe (GMAZ) said in a statement, adding that wheat flour would go up by about the same percentage, to 136 544 Zimbabwe dollars per metric tonne. The southern African ...
Source: News24

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