Business Lifestyle

Steps being taken to undo price hikes…

Peter Munyanyi
Written by Peter Munyanyi

The move by the Grain Marketing Board (GMB) to reopen its Silo products’ shops across the nation will most probably lead to a remarkable decrease in the prices of commodities that had seen astronomical rises. The GMB has intimated that their 201 granaries are going to be full of grain this season as the they seek to beneficiate and value add for the production of cheap products for the household.

The year began on a day on day rise in prices of most goods and services with prices being pegged against the daily street exchange rate against the greenback.

The President, Cde. Emmerson Mnangagwa and his deputy, Cde Chiwenga have sounded stern warnings against business doing this to stop their wanton increase in prices.

The decision by the Presidency to open Grain shops with controlled prices have been welcomed by the GMB saying they are more than ready to roll out the programme and bring relief to the common man.

Prices have been on the upward trajectory with bread rising to as much as $3,50 a common loaf up from $2,20
Cooking oil from $7 to $11
Sugar is now on $9 for 2kgs up from $6
A 10kg packet of Mealie meal is now at $11 up from $6

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