GMB has revised upward maize producer prices

GMB has revised upward  maize producer prices

GMB has revised upward the local component of maize producer prices by 33.33% to $100,000

PRODUCER prices for maize, traditional summer grains, soyabeans and sunflower seed were increased by 33 percent yesterday by the Grain Marketing Board, with the US$90 a tonne incentive for all summer grains and oil seeds retained.

The producer price for maize and traditional grains rose to $100 000 plus US$90 a tonne, up from $75 000 and US$90 a tonne.

Soyabeans were increased to $228 666 and US$90 per tonne up from $171 495 plus $90 per tonne.

Sunflower seed rose to $274 392 and US$90 per tonne up from $205 794 and US$90 per tonne.