The government of Zimbabwe has decided to lift the import restriction on corn and wheat flour to control the price increase in the market.
The government took the decision due to price increases in bread and similar products because of the shortage of corn and wheat in the country. The price increases in bread, which is one of the basic foods of the people, caused troubles for people who have low income.
The government made the control decision to support local producers and protect the foreign currency stock.
It was announced by the Ministry of Finance and Economic Development that the restrictions were suspended and said that until November 21st, 2020, corn and wheat flour were allowed to be imported duty free.
According to the published law, the suspension of the tax on flour will include "wheat flour in bulk of 50 kg or more in bulk" or "pre-packaged wheat flour" for retail sales of less than 50 kg.
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| Image credit: Anni on Flickr (CC BY-SA 2.0) |
The government made the control decision to support local producers and protect the foreign currency stock.
It was announced by the Ministry of Finance and Economic Development that the restrictions were suspended and said that until November 21st, 2020, corn and wheat flour were allowed to be imported duty free.
According to the published law, the suspension of the tax on flour will include "wheat flour in bulk of 50 kg or more in bulk" or "pre-packaged wheat flour" for retail sales of less than 50 kg.
The Global Miller
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which is published by Perendale Publishers Limited.
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