Zimbabwe’s maize and flour prices have gone up by 15 percent.
Russia and Ukraine are among the top five wheat exporters globally hence the ongoing war between the two Eastern European countries has facilitated the increase.
In a statement yesterday, Grain Millers Association of Zimbabwe {GMAZ} chairman, Mr Tafadzwa Musarara, announced that prices could increase further, due to supply chain disruptions.
“The Grain Marketing Board had increased the cost of maize from $43 000 to $50 000 per metric tonne, necessitating an upward review in mealie- meal prices.
“Coupled with this, fuel prices have also surged following the play of geo-politics in the Balkan region, in particular the Russian-Ukraine conflict, adding substantially to operating costs.
“Maize-meal retail price for 10kg Roller Meal will increase by 15 percent from $955 to $1 099.
“Bread flour will move up by 14.74 percent from $119 000 to $136 544 per metric tonne,” he said.