The average price of wheat is 300 USD per tonne. This will cause a significant increase in the price of bread, flour and other by products.
A source from the Grain Marketing Board said Millers have been alerted of the new prices. This means that prices are likely to go up immediately. The sources added that the consumer will blame the Miller and bakers for the increase in the price of bread yet the blame should be on government.The source said government will either subsidise wheat or let the consumer bear the brunt of price hikes.
At the new prices bread is set to go to 100 ZWL from the current 63 ZWL per loaf.
The new price makes Zimbabwean wheat very expensive. On average wheat costs 370 usd on the international market, while it is in the 170 usd per tonne in Russia.
The Grain Millers Association of Zimbabwe and bakers are expected to release a statement next week.
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