Home
About
Contact
Register
Login
Generate
WhatsApp Message
*Govt Urged To Intervene On High Fertiliser Prices* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zm A local financial service, IH Securities, has implored the government to ensure the prices of fertilisers come down to enable farmers to take advantage of the rainy season and maximise production. This comes as prices of fertilisers have sharply increased due to the current Ukraine/Russia conflict, with the two East European countries the main global producers of fertiliser. ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- According to market watchers, the price of a 50kg bag of fertiliser increased to an average of US$94 by the end of June 2022 compared to US$55 during the previous cropping season. Said IH Securities: > However, above-normal rainfall for the 2022/23 farming season is being forecasted which could potentially result in increased production. > High fertiliser prices coupled with decreasing commodity prices could discourage farmers. > We believe the government will continue implementing initiatives that reduce the cost of farming so as to encourage higher production. > Assuming this plays out, we forecast increased agriculture production and potentially reduced cereal import bill. IH securities, which offers brokerage and advisory services, noted that companies such as Hippo present investment opportunities. It added: > These are companies with the ability to exercise monopoly and price leadership. We are also attracted to companies with good management and a culture of value creation for shareholders. > Given the anticipated above-normal rainfall in the coming farming season, Hippo presents an investment opportunity. > Dairibord at current levels looks oversold, speaking to an opportunistic buy. | NewZimbabwe.com itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Feedback