Breaking News: Government Increases Hupfu Price by 40%
The government has released a press statement increasing the price of roller meal by 40%.
The price goes up from ZWL $50 to ZWL $70. Below is the press statement.
Full Press Statement
PRESS STATEMENT
BY
THE MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT
ON THE PRICE REVIEW FOR SUBSIDISED ROLLER MEAL FROM
ZWL$50 TO ZWL$70 PER 10 KG BAG
In December 2019, Government introduced a roller meal subsidy pegged at ZWL$50 per 10kg bag in order to protect the vulnerable groups.
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.MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT
11 February 2020
Related Stories
Watch: Angry Zimbabwean Customers Complain & Shout For Mealie Meal
Supermarket Forces Clients To Buy Grocery Worth $150 If They Need 10kg Mealie Meal
