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RBZ: Bakers Will Review The Price Of Bread Downwards

RBZ: Bakers Will Review The Price Of Bread Downwards

The Governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Mangudya has said the central bank expects bakers to review the prices of bread downwards following a recent meeting. Prices of bread have been going up recently with bakers citing depletion of wheat reserves in the country and an increase in prices of wheat imported. Some shops have been selling bread at US$1.30. Pindula News presents a statement issued by Mangudya this Monday:

PRESS STATEMENT ENGAGEMENT WITH THE NATIONAL BAKERS ASSOCIATION OF ZIMBABWE ON THE PRICING OF BREAD

The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that it held a consultative meeting with the National Bakers Association of Zimbabwe (the Bakers Association) on 17 June 2022 and deliberated on the cost build-up in the bread value chain.

Taking into account the submissions by the Bakers Association and the need to stabilise the price of bread, the Bank agreed with the Bakers Association that its members would access their full requirements of foreign exchange through the weekly foreign exchange auctions for importation of inputs and procurement of fuel for the distribution of bread across the country.

In view of the positive engagement with the Bakers Association, it is expected that members of the Bakers Association will review the price of bread downwards. Going forward, the price of bread will be adjusted on account of economic fundamentals that include global price trends of inputs and the movement of the foreign currency exchange rate.

John P Mangudya Governor 20 June 2022

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26 Comments

aaa 1 week ago

ok


rotten pizza 1 week ago

chimboti pizza kana usina comment hazvirwadze kungonyararawo soo. rotten pizza


Chimboti Pizza 1 week ago

Ukarwadziwa neni haupore wangu, ita zvelife yako

alovera 1 week ago

dai kutaura kuri kuita


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VYBZ KARTEL 1 week ago

I commend the Reserve bank governor for reducing the price of bread. I call upon Panonetsa to consider reducing the prices of food items popular with kids, such as zapnacks, mahewu (honeypot), maputi (especially maZupco) and many others. I can no longer afford to buy these things for my 13 children. Please hear me Mr Governor, Sir !


ppp 1 week ago

Chimbo reviewer price of rollermeal chingwa hachina basa icho.A 10kg of rollermeal going for rtgs3600 and l need 4 bags per month,my salary rtgs18000 per month.zvinotyisa izvi


Baba Nagie 1 week ago

@chiro what a pior contribution

chiro 1 week ago

hupfu hwakachipa salary yako ndiyo Shoma

Anonymous 1 week ago

Why dont you buy cakes instead? akachipa


mtc 1 week ago

dont blame zanu pf kana wafailure lyf yako ed akatoberekwao nababa vake iwewe wakaberekwao ukumboitei kana kuproducer somethin kana mbambaira zvadzo busy kutaura zvisina basa papindula yemahara mukuda lyf iri easy musingashandi do u think ccc or 666 will change anything .


Black African 1 week ago

You are arguing it wrong pindura is just like other platform kuenda pano it doesn't mean kuty hstina wankue l follow pindura even pafacebook wanzwa

Jah🇿🇼Tsvarie-07 1 week ago

If RBZ was doing the right thing from the beginning of the auction floor, i tell you things wouldn't be what they are today.

Lack of transparency was the reason for every season...😂


Hallmark 1 week ago

So will the black market rates go down since it was triggered by the increase of bread prices?


BABA VA BLUE💙 1 week ago

Ko mutengo we masese


You Me 1 week ago

Ko cooking oil?


ccc 1 week ago

unongo onao wega kuti mamwe ma comment kana mubha macho mapedzi ega ega vans vanodzidza chii pa munhu akadai


🤨🤨 1 week ago

Uda kuita Tete pano her tseki mhani

BOSS VEDAH 1 week ago

njuga dzarema ukaona RBZ yakupindira price dzechingwa haaaa paipa. Do yu think in Zim prices can be reviewed downwards. Haaa i doubt it zvangu.


Chimboti Pizza 1 week ago

Negative energy get away😂

MAKARAMATA 1 week ago

Governor Panonetsa vano nakirwa nechingwa kupfura zvinhu zvese.


Chawabvunza 1 week ago

I commend the Reserve Bank of Zimbabwe for trying to help to lower down prices of food staffs by allocating foreign currency to manufacturers at its auction floors. What it must now do is to follow up to see and confirm that producers do not cheat claiming that they are getting their foreign currency from the blackmarket.

NYIKA INOURAIWA NE MBAVHA DZAYO.

NGAAPINDE HAKE CHAMISA [NHC].

[VOTE CCC FOR REAL CHANGE].


Chimboti Pizza 1 week ago

Ngaudzike mutengo wechingwa ichocho, chimodho hachina hutano😂


chipo 1 week ago

chingwa tinochida asi todzokera ku mbambaira



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