Grain im­port pro­tec­tion ban

The Star Early Edition - - BUSINESS REPORT -

HARARE – Zim­babwe has banned grain im­ports to pro­tect lo­cal farm­ers af­ter pro­duc­ing enough to meet do­mes­tic de­mand, a min­is­ter said yes­ter­day, just a year af­ter a dev­as­tat­ing drought left more than 4 mil­lion peo­ple in need of food aid. The na­tion’s grain agency had also raised $200m from the govern­ment and pri­vate sec­tor to buy maize from farm­ers, the Her­ald news­pa­per said. The Na­tional Trea­sury last week fore­cast out­put of maize at 2.1 mil­lion tons this year, from 511 000 tons in 2016. Deputy Min­is­ter of Agri­cul­ture Davis Mhara­pira said the Grain Mar­ket­ing Board would pay $390 per ton for white maize, al­most triple the $143 for the Septem­ber con­tract for white maize in South Africa., one of the coun­tries from which Zim­babwe has im­ported maize.

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