ZMX lays out wheat trading framework

THE Zimbabwe Mercantile Exchange (ZMX), an agricultural commodities trading platform, has put in place the logistical framework for trading wheat by farmers, contractors, and all stakeholders in the grain’s value chain.

This follows a joint announcement between the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development and the Ministry of Finance and Economic Development on the modalities for the 2022 wheat trading.

This comes as Zimbabwe is this year expected to realise its biggest harvest of the staple grain. Farmers across the country are expected to deliver a combined 380000 tonnes, representing an 80 000-tonnes increase from 2021and 20 000 more tonnes than the national requirement.

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