Home News Breaking: Govt Hikes Subsidised Mealie Meal Price.

Breaking: Govt Hikes Subsidised Mealie Meal Price.

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The government has reviewed upwards the subsidised price of mealie meal from ZWL$50 to ZWL$70 per 10kg bag of roller meal.

In a press statement released by the Ministry of Finance and Economic Development this afternoon, implementation of the new subsidy price is with immediate effect.

“In December 2019, Government introduced a roller meal subsidy pegged at ZWL$50 per 10kg bag in order to protect the vulnerable groups.

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“However, the wide gap between the market and the subsidised price has created undesirable arbitrage opportunities for unscrupulous players, resulting in the market and supply distortions.

“In view of the above, I am pleased to announce that Government has reviewed upwards the subsidised price from ZWL$50 to ZWL$70 per 10kg bag of roller meal against the prevailing market price of the product.

“Implementation of the new subsidy price is with immediate effect. Government will announce a strengthened targeting system in due course such that deserving vulnerable citizens as intended by the subsidy policy benefit,’ read the statement.

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