Commodities
Zimbabwe Maize Price Climbs 5% Amid Supply Glut
The white maize price in Zimbabwe has increased by 5% to an average of US$348 per tonne on the Zimbabwe Mercantile Exchange (ZMX), despite subdued demand and ample supplies.
According to a recent auction held at the Mashonaland West Provincial Agricultural Show in Chinhoyi, buyers and sellers narrowed their price expectations, leading to the increase. The previous average price was US$332 per tonne on the July 29 auction.
The Zimbabwe Mercantile Exchange has postponed this week's grain and oilseed auction to Wednesday, August 19, citing public holidays that left insufficient time to complete preparations for the trading session.