By Own Correspondent|Commercial wheat farmers are failing to access forex from the interbank market in order to adequately prepare for the upcoming winter season.
Wheat farmers urgently require US$12 million for the 2019 season.
Wheat growers’ coordinator Graham Murdoch said most farmers were failing to access foreign currency in order to buy the capital requirements for the upcoming farming season.
He said this while addressing delegates at the Grain Millers Association of Zimbabwe (GMAZ) extraordinary meeting on Friday.
Said Murdoch:
Although we have secured the majority of the inputs required for the winter planting season which begins early next week, it is important to highlight that at this point in time we have not been able to secure foreign currency through the interbank system.
… We have also approached the relevant authorities on the matter and they have given us assurances that they are working on it.