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*Govt buying Command Agriculture maize at $390/tonne only to sell it for $242.50/tonne* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ho The government’s command agriculture program will increase the country’s budget deficit by nearly $120 million. This is due to the fact that the government will actually be losing money in buying the command agriculture maize. The government, through the Grain Marketing Board (GMB), will be paying farmers $390 a tonne for the maize. Tafadzwa Musarara, chairman of the Grain Millers Association of Zimbabwe, told Reuters that his association had agreed to buy 800 000 tonnes of maize from the government for $194 million. This means that they will be buying each tonne of maize at $242.50 per tonne. At this price, the government will be losing $147.50 for every tonne of maize that it buys from the farmers and sells to the millers. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- The 800 000 tonnes will cost the government $312 million to buy and when they sell it for $194 million to the millers there will be a deficit of $118 million which will be added to the national budget, which already has a deficit. More: Reuters _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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