Home News Basic Goods Prices To Freeze With immediate Effect.

Basic Goods Prices To Freeze With immediate Effect.

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By Paidamoyo Makoni.

Vice President Kembo Mohadi has announced a price moratorium on various food commodities so that prices that were in place before the 25th of March are to be effected.

Addressing a media conference at his offices in Harare today, Vice President Mohadi said cabinet has since approved the move.

He added that the move comes after the country has been experiencing escalating food prices since the announcement of the lockdown by President Emmerson Mnangagwa.

The agreement was reached following a multi-sectoral meeting held between the government and Grain Millers Association of Zimbabwe, Bakers Association of Zimbabwe and the Confederation of Zimbabwean Retailers.

The price freeze follows the recent increase in prices of basic goods, including bread, super-refined maize-meal, cooking oil, flour and sugar.

According to the Minister of Industry and Commerce, Dr Sekai Nzenza ,the purpose of the meeting was to come up with solutions on how to protect consumers.

“We met with suppliers and producers and this was a multi-sectoral meeting held on April 11 and the people involved are those who produce, manufacture and distribute food,’ Dr Nzenza said.  

The minister also highlighted that producers will ensure continuous supply of commodities.

Government has set aside $600 million to be disbursed to vulnerable people over three months up to June.

Bread prices rose by around 33 percent from an average $20 to $30 during the lockdown, while cooking oil now costs anything between $120 and $160 for two litres, up from $70 depending on brand and the retailer.

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