HARARE – The Grain Marketing Board (GMB) has announced the approved producer prices for the 2024/25 season, along with the winter wheat incentive planning prices.
The price of maize per tonne has decreased by 3.5% from last year’s season price of US$390 per tonne to this year’s price of US$376.48 per tonne. Traditional grains’ prices have also been pegged at US$375.48 per tonne.
The price decrease is attributed to the increased maize supply due to favorable weather conditions, characterized by above-average rainfall patterns, which were a significant improvement from last year’s El Niño-induced drought.
In contrast, the price of soyabeans has increased by 6.9% to US$620 per tonne, up from US$580 per tonne during the same period last year. However, sunflower prices have decreased by 3.4% to US$688.98 per tonne, down from US$713 per tonne recorded last year, due to reduced demand from the local oil processing industry.
The winter wheat price has been pegged at US$451.35 per tonne.
According to GMB, these prices are consistent with achieving both food security and macroeconomic stability. The company will primarily purchase produce from farmers financed under the Presidential Input Programme (PIP) and Irrigation schemes.
GMB noted that contractors are expected to buy back contracted produce at market prices. Additionally, GMB, working with the Zimbabwe Mercantile Exchange (ZMX), will provide commercial warehouse receipts services to all players.
