GMAZ cut off mealie-meal price

The Grain Millers Association of Zimbabwe (GMAZ) has lowered the prices of maize meal, flour, and salt to help consumers while the Government tries to stabilize the economy. The development was announced by Mr Tafadzwa Musarara, the national chairperson of GMAZ.

He said this happened because the local currency got stronger against the US dollar.

Mr Musarara sent a message to the members of the Confederation of Zimbabwe Retailers, Retailers Association of Zimbabwe, wholesal- ers, and other retailers who sell basic goods.

He explained that the reduced prices were decided after important discussions and are meant to help consumers who were affected by high prices.

A packet of maize roller meal weighing five kilograms now costs ZW$15 946,32 or US$2,90 A packet weighing ten kilograms now costs ZW$27 593,65
or US$5,00 and a packet weighing twenty kilograms now costs ZW$52 237,94 or US$9,50.

The circular says that a two kilogram packet of self-raising flour costs Z$11 547,33 or US$2,10. The price of a 500 gram packet of fine salt is ZW$1 374,68 or US$0,25. One kilogram of fine salt costs ZW$2 639,40 or US$0,48, and two kilograms of fine salt cost ZW$5 058,84 or US$0,92.

Mr Musarara said the stabilisation of the local currency must show a corresponding decrease in prices of basic commodities and services.

“Grain Millers Association of Zimbabwe recently held successful high-level deliberations with the monetary authorities and, inter alia, reviewed the subsisting stabilisation in the economy, precipitated by the firming of the local currency against major currencies.

“The current stable environment was, regrettably, preceded by a few weeks of price madness that invariably affected basic commodities leaving consumer disposable income gravely eroded. It is uncontroverted, therefore, that the current stabilisation must show a corresponding decrease in prices of basic commodities.”

The Consumer Protection Commission has said some retail outlets reduced prices of basic grocery items by as much as five percent last week in response to the continued firming of the Zimbabwe dollar.

Leave a Reply