Posted by Benson on August 24, 2017

press release

23rd August 2017

The Food Reserve Agency (FRA) Executive Director’s insistency on maintaining the K60 maize market price clearly demonstrates how us as farmers are being swindled in the worst conceivable way, by a Government institution. 

The FRA is pegging the price of maize at below the cost of production when it is supposed to balance the prices, both for mealie meal and maize production.

We will borrow a saying, which states that; “This is totally exploitation of man by man.”

Posted by Benson on August 14, 2017

The Zambia National Farmers Union(ZNFU) engaged the Food Reserve Agency (FRA) after the FRA announced the 2017 maize producer price. A meeting was held with the FRA on Friday 4th August 2017 as the Union was not consulted prior to announcing the price. During the meeting, the Union made it very clear that the K60 set by the FRA was below the cost of producing maize. The FRA calculations put the cost of growing maize under FISP along the line of rail and in rural areas at K60 per bag and K73 per bag as the cost for non-FISP farmers.

Posted by Benson on August 03, 2017

media release

issued: 3rd August, 2017

 

Following an outcry by farmers over the K60 Market Price for maize announced by the Food Reserve Agency (FRA), the Zambia National Farmers’ Union (ZNFU) has written a letter to the Agency requesting for a meeting, which letter was delivered on Tuesday morning of 1st August, 2017.

We are currently still waiting for a response from the FRA, to state exactly the date and time when they are willing to meet with us so that we sit and arrive at a consensus over the market pricing.

Posted by Benson on July 27, 2017

                         PRESS RELEASE

The Zambia National Farmers’ Union (ZNFU) is saddened with the maize price of K60/50kg bag announced by the Food Reserve Agency (FRA).

It is obvious that this price will not benefit the farmer in any way. With a breakeven price for a 50kg bag of maize estimated at K75, the K60 FRA market price leaves a farmer making a loss of K15 per 50kg bag.

Posted by Benson on May 22, 2017

 

The Bank of Zambia (BoZ) has significantly reduced its Policy Rate to 12.5 per cent from 14.0 per cent, bringing a new lease of hope for Commercial Banks to also trigger reductions in the lending rates.

The announcement was made on Wednesday 17th May, 2017 by Central Bank Governor Dr. BoZ’s Monetary Policy Committee (MPC) factored in the lower inflation and subdued economic growth for the reduction to be effected.

Posted by Adminstrator on February 24, 2017

Government ministers comprising Minister of Finance, Minister of Agriculture and Minister of Commerce Trade and Industry met officials from TAZ and ZNFU to discuss the issue of exempting VAT on green leaf tobacco. The private sector informed the three Ministers that the VAT component made the Zambian tobacco uncompetitive compared to regional competitors such as Malawi, Zimbabwe and Tanzania where the crop is exempt from VAT.

Posted by Benson on February 22, 2017

 

Government ministers comprising Minister of Finance, Minister of Agriculture and Minister of Commerce Trade and Industry met officials from TAZ and ZNFU to discuss the issue of exempting VAT on green leaf tobacco. The private sector informed the three Ministers that the VAT component made the Zambian tobacco uncompetitive compared to regional competitors such as Malawi, Zimbabwe and Tanzania where the crop is exempt from VAT.

 

Posted by Adminstrator on November 22, 2016

The Minister of Agriculture, Hon. Dora Siliya assured the ZNFU that farmers owed by the FRA will be paid before the end of the month. She revealed this when the ZNFU President and some Board members paid a courteousy call on the Minister.

Posted by Adminstrator on November 22, 2016

The Monetary Policy Committee (MPC) of the Bank of Zambia has maintained the policy rate at 15.5%. the committee further eased commercial bank’s access to the central bank liquidity by removing some quantitative restrictions. This move has been supported by the downward trend in the annual rate of inflation and is forecast to decelerate further and end the year on a single-digit note. Meanwhile expectations are for a stable kwacha in the last quarter of 2016 with support from the recent significant increase in the international copper prices which would hopefully be sustained.

Posted by Adminstrator on November 08, 2016

The Food Reserve Agency is requesting for local suppliers such as grain traders, commercial farmers and any firms or persons with maize stocks to make offers for the sale of 220,000MT of maize to the Agency. This is in an effort by the agency to meet its minimum targeted purchase of 500,000MT of maize during the 2016 crop marketing season. The Agency could not meet its target between 1st June and 31st October 2016 due to marketing dynamics.

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