{"id":78561,"date":"2023-06-03T10:44:58","date_gmt":"2023-06-03T08:44:58","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes"},"modified":"2023-06-03T14:04:46","modified_gmt":"2023-06-03T12:04:46","slug":"millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes","title":{"rendered":"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>By Leopold Munhende | Chief Correspondent<\/b><\/p>\n

GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musarara has blamed Zimbabwe\u2019s volatile exchange rate and late payments by major retail outlets for recent shortages and price hikes of mealie-meal.<\/p>\n

With the ZWL fast losing value, retailers much like every other business have abandoned Reserve Bank of Zimbabwe\u2019s (RBZ) interbank exchange rate in order to offset any likely loss.<\/p>\n

That has however extensively hiked prices of basics, including mealie meal, the staple diet for Zimbabweans.<\/p>\n

Musarara said Zimbabwe had enough mealie-meal but was being affected by the rate and also late payments by leading retail outlets, usually in local currency.<\/p>\n

He further explained why mealie-meal was easily accessible in smaller outlets, arguing they paid for deliveries upfront and in hard currency.<\/p>\n

\u201cIt is not disputed that the country has adequate supplies of maize and wheat and the milling industry\u2019s capacity dwarfs demand. The major challenge is the issue of exchange rates between the USD and the local currency,\u201d said Musarara.<\/p>\n

\u201cThis is affecting pricing, with mainstream retailers and informal shops pricing differently. We have a 10kg costing US$8.90 in main retail shops and US$4.75 in the informal market.<\/p>\n

\u201cMillers are now unable to give payment terms to big retailers. It\u2019s now either 100% upfront or at best Cash-On-Delivery (COD). This explains the depleted stocks in big retail shops who are insisting on terms.\u201d<\/p>\n

Disparity between the interbank rate, black market and a yet-to-be-identified rate being used by retailers has worsened the situation.<\/p>\n

Mealie-meal is one of the many basics affected by the situation; prices of cooking oil, sugar and rice among others have been hiked.<\/p>\n

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

Africa-Press – Zimbabwe. By Leopold Munhende | Chief Correspondent GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musarara has blamed Zimbabwe\u2019s volatile exchange rate and late payments by major retail outlets for recent shortages and price hikes of mealie-meal. With the ZWL fast losing value, retailers much like every other business have abandoned Reserve Bank […]<\/p>\n","protected":false},"author":84,"featured_media":78560,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":{"0":"post-78561","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-zimbabwe"},"yoast_head":"\nMillers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Leopold Munhende | Chief Correspondent GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musara ...\" \/>\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\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes\" \/>\n<meta property=\"og:description\" content=\"By Leopold Munhende | Chief Correspondent GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musara ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-03T08:44:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-03T12:04:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1685777611.621691.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\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\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes\",\"name\":\"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1685777611.621691.jpg\",\"datePublished\":\"2023-06-03T08:44:58+00:00\",\"dateModified\":\"2023-06-03T12:04:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"By Leopold Munhende | Chief Correspondent GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musara ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1685777611.621691.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1685777611.621691.jpg\",\"width\":800,\"height\":550,\"caption\":\"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes - zimbabwe","description":"By Leopold Munhende | Chief Correspondent GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musara ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes","og_locale":"en_US","og_type":"article","og_title":"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes","og_description":"By Leopold Munhende | Chief Correspondent GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musara ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes","og_site_name":"zimbabwe","article_published_time":"2023-06-03T08:44:58+00:00","article_modified_time":"2023-06-03T12:04:46+00:00","og_image":[{"width":800,"height":550,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1685777611.621691.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes","name":"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1685777611.621691.jpg","datePublished":"2023-06-03T08:44:58+00:00","dateModified":"2023-06-03T12:04:46+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"By Leopold Munhende | Chief Correspondent GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musara ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1685777611.621691.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1685777611.621691.jpg","width":800,"height":550,"caption":"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/millers-blame-volatile-exchange-rate-late-payments-by-major-retailers-for-maize-meal-price-hikes#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Millers blame volatile exchange rate, late payments by major retailers for maize meal\u00a0price\u00a0hikes"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/78561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=78561"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/78561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/78560"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=78561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=78561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=78561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}