Trade and markets
 

Detail

Area
Zimbabwe
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans
Date
18/07/2018
Policy Category
Production
Policy Instrument
Sector development measures
Description
Raised the price of soybeans delivered to the state-run Grain Marketing Board in a bid to stimulate domestic soybean production.
Notes
In a bid to stimulate domestic soybean production, the Government of Zimbabwe has raised the price for soybeans delivered to the state-run Grain Marketing Board from USD 610 to USD 780 per tonne. Meanwhile, the country’s oil crushers are seeking permission from the Government to buy soybeans at the import parity price of USD 400 per tonne, in a bid to maintain cooking oil prices at a level affordable to consumers (see also MPPU Sep.’17).