The Sunday Mail can reveal that bakers want to start implementing the pricing mechanism this week, raising the cost of bread from $1,10 to $4-$5 as per last week's black market rates. However, some in the baking sector are shocked by this as Government meets the bulk of their input ...
Grain Millers Association of Zimbabwe chairman, Tafadzwa Musarara said recently that the cost of maize meal would go up after the government announced a new and higher maize producer price of close to 70 percent of the previous price. "There is going to be an increase, we can't stomach the...
have continued to skyrocket, with the Grain Millers’ Association of Zimbabwe (GMAZ) warning that the cost of bread is likely to go up again from the current $1,10 if government does not urgently respond positively to their wheat import subsidy request. ...
This is a (big) cost driver and this needs to be addressed,” Walla added. The high energy costs have compounded an already difficult situation for bakers and other industries, who have recently seen a significant rise in utility costs by up to 300%. Walla said the other challenge was ...
The prices of basics like sugar and cooking oil have jumped by 200% in June, according to official statistics. So has healthcare. Meanwhile the cost of bread has gone up fivefold in four months. As of June 2019, inflation had already hit 98%. In July, local currency the Zimbabwe dollar...
The indefinite shutdown is expected to affect the supply of bread whose price recently went up from 1.10 U.S. dollars for a standard loaf to about 1.50 dollars as bakers cite high cost of raw materials. In a letter to its customers dated Dec. 3, the company said it has been facing di...
When the prices were reviewed up last week from $18 to $20 or $21, National Bakers Association of Zimbabwe president, Dennis Wallah, said attributed the increase to an increased production cost. Wallah said that flour is not subsidised hence market forces were at play. The country, since las...
GOVERNMENT plans to support small bakeries and confectionaries in small towns around the country to help increase their capacity and eventually bring down the cost of bread, Industry and Commerce minister, Mangaliso Ndlovu has said. The country’s bread industry is dominated by three major bakeries...
The state-run Grain Millers Association of Zimbabwe on Monday hiked wheat prices to Z$2,200 from Z$1,600. "Everything else in terms of the cost of production has been going up; fuel and electricity,” Wallah said. -RW
At one point, a loaf of bread cost more than 500 million Zimbabwe dollars. Prices would change from when customers walked into a grocery store to when they lined up to pay at the cash register. Restaurants stopped displaying prices on menus as they would go up over the course of a dinner...