{"id":62585,"date":"2022-07-12T18:03:15","date_gmt":"2022-07-12T16:03:15","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/bread-price-increase-looming-as-millers-say-bread-flour-price-has-gone-up"},"modified":"2022-07-12T20:09:03","modified_gmt":"2022-07-12T18:09:03","slug":"bread-price-increase-looming-as-millers-say-bread-flour-price-has-gone-up","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/bread-price-increase-looming-as-millers-say-bread-flour-price-has-gone-up","title":{"rendered":"Bread Price Increase Looming As Millers Say Bread Flour Price Has Gone Up"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>A bread price increase is looming as the Grain Millers Association (GMAZ) has said the price of bread flour has gone up by an aggregate of 10%. In a statement seen by Pindula News, millers said the increase takes into account exchange rate depreciation, and fuel price increase among others. We present the statement below:<\/p>\n

The milling industry continues to face serious inflationary headwinds which include:<\/p>\n

1. The finance cost occasioned by the increase of interest rates from100% to 200%<\/p>\n

2. The increase of the local wheat price from GMB to millers by 08%.<\/p>\n

3. The interbank exchange rate has moved up by 5,5% from US$1: ZW$362,6 to US$1: ZW$382,5.<\/p>\n

4. The currency devaluation has severely impacted on the general operation cost.<\/p>\n

5. There was also an upward review of the prices of fuel.<\/p>\n

The aggregate impact of these movements will be around 10% increase in the price of flour to bakers. However, individual millers and bakers will continue to deliberate on prices, leveraging on quantity discounts, payment terms and any other considerations.<\/p>\n

Andrew Kunambura<\/p>\n

Corporate Affairs Manager<\/p>\n

13 Bodle Avenue, Eastlea, Harare, Zimbabwe +263 8644 255 873 \/ +263 242 797 457 admin@grainmillers.co.zw<\/p>\n

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.<\/p>\n

The bread price, at about US$1.30, is already too high for some members of the public. An increase in prices will only make matters worse.<\/p>\n

This comes after the Governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Mangudya last month, said the central bank expects bakers to review the prices of bread downwards.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. A bread price increase is looming as the Grain Millers Association (GMAZ) has said the price of bread flour has gone up by an aggregate of 10%. In a statement seen by Pindula News, millers said the increase takes into account exchange rate depreciation, and fuel price increase among others. We present […]<\/p>\n","protected":false},"author":84,"featured_media":62584,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,2206,10726,4750,233,19],"class_list":{"0":"post-62585","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-bread-2","14":"tag-bread-flour-price","15":"tag-grain-millers-association-of-zimbabwe-gmaz","16":"tag-wheat","17":"tag-zimbabwe"},"yoast_head":"\nBread Price Increase Looming As Millers Say Bread Flour Price Has Gone Up - zimbabwe<\/title>\n<meta name=\"description\" content=\"A bread price increase is looming as the Grain Millers Association (GMAZ) has said the price of bread flour has gone up ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/bread-price-increase-looming-as-millers-say-bread-flour-price-has-gone-up\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bread Price Increase Looming As Millers Say Bread Flour Price Has Gone Up\" \/>\n<meta property=\"og:description\" content=\"A bread price increase is looming as the Grain Millers Association (GMAZ) has said the price of bread flour has gone up ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/bread-price-increase-looming-as-millers-say-bread-flour-price-has-gone-up\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-12T16:03:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-12T18:09:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/07\/postQueueImg_11-62cdb89c99887.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"458\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/bread-price-increase-looming-as-millers-say-bread-flour-price-has-gone-up\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/bread-price-increase-looming-as-millers-say-bread-flour-price-has-gone-up\",\"name\":\"Bread Price Increase Looming As Millers Say Bread Flour Price Has Gone Up - 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