(LUSAKATIMES) Millers are hoarding Maize - Govt
Millers are hoarding Maize - GovtNovember 12, 2008
Government has unearthed a scam in which some milling companies are allegedly hoarding maize for speculative and profiteering motives. It has also been established that the country has enough maize stocks to last until March next year. This is according to a statement jointly issued by the Minister of Commerce and Agriculture on Tuesday.
The Ministers are concerned that the motive for hoarding the maize stocks also seems to be centred on embarassing the government in the eyes of the public.
Government has directed milling companies to ensure that traders do not inflate mealie-meal prices.
It has been proposed that roller meal should be sold between K40,000 and K43,000 while break fast should be pegged at about K50,000 and K52,000 per 25 Kilogram bag.
The statement indicates that the millers are agreeable to the proposed price levels for mealie-meal.
The ministers said the situation will continue to be monitored with a view to take necessary corrective measures.
Traders across the country have continued to hike prices of Mealie Meal in the last few weeks.
[ZNBC]
Categories: Other News
Labels: INFLATION, MAIZE, MILLERS
posted by MrK @ 7:51 PM
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