Zimbabwe suspends import duties on wheat and maize

01/06/2020,

On 22 May 2020, the Government temporarily removed the import tariff on wheat flour and maize meal as the country seeks to bolster supplies amid an expected second consecutive below-average harvest in 2020 due to widespread rainfall deficits. The removal of the import duty would lower the import costs of the main food staples, with the expectation that this could ease the pressure on retail prices that hit record highs this year, driven by the substantial shortfalls in domestic production and a sharp depreciation of the country’s currency. The import tariff has been suspended for a period of six months.

Country: Zimbabwe