{"id":60130,"date":"2024-04-29T23:11:00","date_gmt":"2024-04-29T23:11:00","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/expect-a-huge-increase-in-mealie-meal-prices-fred-mmembe"},"modified":"2024-04-29T23:11:00","modified_gmt":"2024-04-29T23:11:00","slug":"expect-a-huge-increase-in-mealie-meal-prices-fred-mmembe","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/expect-a-huge-increase-in-mealie-meal-prices-fred-mmembe","title":{"rendered":"EXPECT A HUGE INCREASE IN MEALIE MEAL PRICES- Fred M\u2019membe"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Zambia\u2019s annual inflation rate climbed to a 26-month high and may continue to increase as drought in parts of the country and renewed weakness in the currency lifts prices.<\/p>\n

Things will certainly get worse with the upwards revision of maize price by the Food Reserve Agency from K280 to K330, which means private buyers will pay above K330 price to farmers to buy the little available maize.<\/p>\n

Consequently, we should expect a huge jump in mealie meal prices and a corresponding jump in inflation. What Mr Hakainde Hichilema and his league don\u2019t seem to understand is that a rise in maize price, aside from mealie meal, heavily impacts all poultry and livestock products. I was shocked that the price of hay has risen from K350 per stack last year to K800 last week. The government has paid a complete blind eye to the poultry and livestock industry. These industries are slowly collapsing as farmers are pulling out due to the high cost of inputs, and one day, we will wake up to find a chicken selling for K300.<\/p>\n

Coupled with Zesco applying for an electricity tariff increase, possible fuel hikes at the end of April, and so on and so forth. It\u2019s depressing, to say the least.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Zambia\u2019s annual inflation rate climbed to a 26-month high and may continue to increase as drought in parts of the country and renewed weakness in the currency lifts prices. Things will certainly get worse with the upwards revision of maize price by the Food Reserve Agency from K280 to K330, which means […]<\/p>\n","protected":false},"author":84,"featured_media":60129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,235,233],"class_list":["post-60130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nEXPECT A HUGE INCREASE IN MEALIE MEAL PRICES- Fred M\u2019membe - Zambia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/expect-a-huge-increase-in-mealie-meal-prices-fred-mmembe\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EXPECT A HUGE INCREASE IN MEALIE MEAL PRICES- Fred M\u2019membe\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Zambia. 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