Govt in­creases soy­abean price

The Herald (Zimbabwe) - - National News - Elita Chik­wati and Hind Siam

GOV­ERN­MENT has in­creased the price of soy­abean from $610 to $780 per tonne to pro­mote pro­duc­tion of the crop and en­sure na­tional food se­cu­rity.

Lands, Agri­cul­ture and Ru­ral Re­set­tle­ment Min­is­ter Air Chief Mar­shal Per­rance Shiri (Re­tired), who an­nounced the prices yes­ter­day, said the price was ar­rived at after con­sul­ta­tions with other rel­e­vant stake­hold­ers.

“After con­sul­ta­tions with var­i­ous stake­hold­ers Gov­ern­ment pegged the price of soy­abean at $780 per tonne.

“I hope the price will fa­cil­i­tate farm­ers to go back to the land and con­tinue with their op­er­a­tions,” he said.

He said other buy­ers were free to of­fer their prices and even sur­pass the GMB price.

“We be­lieve the price be­ing of­fered by Gov­ern­ment through GMB is rea­son­able and is likely to be the high­est. Pri­vate buy­ers are, how­ever, free to of­fer an even higher price,” he said.

Gov­ern­ment has come up with ini­tia­tives to boost pro­duc­tion of oil seed crops in­clud­ing soy­abean, which in­clude a lu­cra­tive price and also putting the crops un­der Com­mand Agri­cul­ture start­ing in the 2018/ 19 sea­son.

The move is also aimed at en­sur­ing the pro­cess­ing in­dus­try has ad­e­quate raw ma­te­ri­als to boost pro­duc­tion ca­pac­ity.

Soy­abean pro­duc­tion had de­clined from around 300 00 tonnes per tonne to 30 000 tonnes per year.

Vice Pres­i­dent Chi­wenga re­cently said crops such as soy­abean, sun­flower and cot­ton would be in­cluded un­der Com­mand Agri­cul­ture start­ing next sea­son.

“This time around soy­abeans was pro­duced by A2 farm­ers, but we would want our 1,8 mil­lion small-scale farm­ers to come to this pro­gramme and pro­duce soy­abeans. We are now gen­er­ally agreed that our ru­ral farm­ers and our A1 farm­ers will also be en­cour­aged to grow the crops in suit­able ar­eas.

“Even if they pro­duce an acre or half acre we have no prob­lem with that as long as the crop is pro­duced well. So if we col­lect all that, we will have ex­cess of what we want,” he said.

Min­is­ter of Fi­nance and Eco­nomic De­vel­op­ment Pa­trick Chi­na­masa said Gov­ern­ment was in­creas­ing the price of soy­abean to ad­dress vi­a­bil­ity is­sues.

“Gov­ern­ment will sell the soy­abeans to oil ex­pres­sors at im­port par­ity price. The price will be a cost to Gov­ern­ment.

“This is a strat­egy to pro­mote the pro­duc­tion of soy­abeans and we will put in place mea­sures to en­sure peo­ple do not im­port cheap soy­abeans and de­liver to the GMB,” he said.

Min­is­ter of In­dus­try, Com­merce and En­ter­prise De­vel­op­ment, Mike Bimha said the high price was a de­lib­er­ate mea­sure to boost soy­abeans pro­duc­tion while Gov­ern­ment con­sid­ered other mea­sures.

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.