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GMB pays $5,5bn to wheat farmers  - Zimbabwe Situation

GMB pays $5,5bn to wheat farmers  Elita Chikwati Agriculture Reporter The Grain Marketing Board (GMB) has paid over $5,5 billion to wheat farmers since the beginning of the marketing season and assured farmers that they would have all received their money by the end of this month. This comes as a number of farmers have raised concern over the delays in wheat payments. The farmers are complaining that Government had announced a viable producer price, but the GMB was taking long to pay them. GMB is buying utility of ordinary wheat at $43 778, 84 per tonne, while farmers with grade A will be paid a premium price of 20 percent above the utility grade up to $52 534,61 per tonne.

Commodities Exchange Pilot Programme in Progress

Commodities Exchange Pilot Programme in Progress December 11, 2020 Pilot programme and awareness campaigns for the soon coming commodities exchange are already underway as efforts to intensify its operations by March 2021. In his 2021 National Budget, Finance and Economic Development Minister Professor Mthuli Ncube indicated the exchange will be launched in March next year, to address agriculture marketing problems, which undermine market access and financial viability of farmers. The initiative is being spearheaded under Pillar Six of the National Agriculture Policy Financing (NAPF): Agriculture Finance and Credit. The Pillar Six is a Public Private Partnership (PPP) financing model, which is seen as a conducive financing model for development projects in developing countries. The Pillar Six membership is made up of Ministry of Lands, Agriculture, Water & Rural Resettlement, Ministry of Finance and Economic Development, the Reserve Bank of Zimbabwe; Food and Agricultural Orga

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