Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Treasury releases $14m to pay for grain deliver to GMB in Zimbabwe

byCustoms Today Report
21/09/2015
in International Customs, Zimbabwe
Share on FacebookShare on Twitter

HARARE: Elita Chikwati Agriculture Reporter Treasury has released $14 million to pay for the grain delivered to the Grain Marketing Board, bringing to $30 million the amount released by Government in three weeks, a senior Government official has said. Agriculture, Mechanisation and Irrigation Development Minister, Dr Joseph Made, yesterday said treasury released $15 million three weeks ago.

“The release of the outstanding money will go a long way in assisting farmers to kick start purchase of inputs,” he said. He urged input suppliers to ensure inputs were made available nearer to farmers so that they do not have to travel long distances to buy the inputs. “Treasury has also promised to immediately start looking for resources to take care of the delivered grain. Already GMB has received over 50 000 tonnes of maize.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020

” I appreciate farmers for their confidence in the GMB by continuing to deliver their grain. I also appreciate efforts by the Treasury to pay farmers,” he said. Dr Made said Government had already paid for the wheat deliveries and would start paying for the 2015/16 maize deliveries soon.

GMB would also pay some farmers who in 2009 paid for fertiliser to the GMB using Zimbabwean currency. They will be given their fertilisers and will be informed on when and where to present their receipts for collection of the inputs,” he said.

Late payments by the Grain Marketing Board over the past years have affected the Strategic Grain reserve as farmers prefer to sell their grain to buyers offering cash. GMB pays $390 per tonne, a price which is higher than that offered by regional counterparts.

Zimbabwe requires two million tonnes of maize per year for human and livestock consumption. The strategic grain reserve should have 500 000 tonnes of maize at any given time to ensure national food security.

Tags: for grain deliver to GMB in ZimbabweTreasury releases $14m to pay

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

Nigerian Customs generates N500, 000 revenue

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.