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*GMB Increases Producer Prices Effective 03 August*

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The Grain Marketing Board (GMB) has increased the local component producer prices for 2022/23 summer crops.

The producer price of maize has been increased to ZWL$100 000 plus US$90 per metric tonne from ZWL$75 000 plus US$90 per metric tonne.

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The producer price of traditional grains has also been increased to ZWL$100 000 plus US$90 per metric tonne from ZWL$75 000 plus US$90 per metric tonne.

The price of soya beans has been increased to ZWL$228 660 plus US$90 per metric tonne from ZWL$171 495 plus US$90 per metric tonne.

The price of sunflower has been increased to ZWL$274 392 per metric tonne plus US$90 from ZWL$205 794 plus US$90 per metric tonne.

GMB chief executive officer Rockie Mutenha said the new prices are effective 03 August 2022. He added:

> GMB is encouraging farmers to immediately deliver their crops to the nearest depot or collection point.

> We are further encouraging farmers who had not opened their Nostro accounts to do so to enable us to deposit the foreign currency component.

Commodity
From
To

Maize
ZWL75,000 + USD 90.00 per Mt
ZWL 100,000.00 plus USD 90.00 per Mt

Traditional Grains
ZWL 75,000 + USD 90.00
ZWL 100,000.00 plus USD 90.00

Soya Beans
ZWL 171,495 + USD 90.00
ZWL 228,660.00 plus USD 90.00

Sunflower
ZWL 205 794 + USD 90.00
ZWL 274,392.00 plus USD 90.00

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