Govt increases mealie meal price

Govt increases mealie meal price

MEALIE meal prices have increased after the government on Tuesday reviewed upwards the subsidized price from ZWL$50 to ZWL$70 per 10kg.

By Leona

This comes at a time when the basic commodity is difficult to find.

In a press statement released by the Ministry of Finance and Economic Development this afternoon, the price adjustment is with immediate effect.

“In December 2019, Government introduced a roller meal subsidy pegged at ZWL$50 per 10kg bag in
order to protect the vulnerable groups.”

“However, the wide gap between the market and the subsidised price has created undesirable arbitrage opportunities for unscrupulous players, resulting in the market and supply distortions.

“In view of the above, I am pleased to announce that Government has reviewed upwards the subsidised price from ZWL$50 to ZWL$70 per 10kg bag of roller meal against the prevailing market price.”

Lately, the general populace have been experiencing long ques due to mealie meal shortages.

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