Russia wheat ban affects Tanzania grain millers

Grain and milling industries in Tanzania have been affected by higher wheat prices, due to the Russian wheat export ban, and also the depreciation of the TZ shilling against the US dollar. The ban in Russia had highly affected local importers in Tanzania as they have to buy wheat from Ukraine whose wheat prices has skyrocketed and they are selling the product on a quota system.

Mr Dharmapel Gupta said that there have been a number of challenges in the milling industry in Tanzania, which includes high taxation, and high electricity costs, and the fluctuations of the US dollar and also the fluctuations of world wheat prices has made local milling industries struggle to stay in business. Read more...