22 August 2014
   
New Zimbabwe Header
Bust Gweru splashes cash on Mugabe ads
Mugabe’s US lobbyist jailed 7 mths
Adultery claim: Magaya responds
Poll moan idiotic, vote never rigged: Mafume
Man kills 18-mth old disabled daughter
War vets in court for black farmer attack
‘Rhino horn’ deal backfires on trio
SA Parly suspended over EFF rumpus
MORE NEWS
Bulawayo power station shut down
CABS weighed down by operating costs
MORE BUSINESS
Big Brother: Another season beckons
Ex-Q denies dumping wife for older lover
MORE SHOWBIZ
Highlanders scrap to Triangle win
Zimbabwe lose to SA by seven wickets
MORE SPORTS
ZimAsset and the related politics
Women and children not their concern
MORE OPINION
 
SADC: Zim must use chairmanship to shine
Econet, Padenga: Stars in our firmament
MORE COLUMNISTS
 
 
GMOs causing price distortions, study
09/07/2014 00:00:00
by The Source
 
 
RELATED STORIES
GMO ban: Indian expert backs Zim
GM foods and crops in Zim: A rebuttal

THE acceptance of genetically modified Organisms (GMO) crops by regional countries has created serious distortions to pricing of commodities in Zimbabwe, a local think tank has said after a study of market trends.

Zimbabwe maintains a ban on the importation of GMOs, including seeds, which are cheaper than organic crops. The government says GMOs are a threat to health and national food security.

“Prices of products such as vegetable oils, stock feeds, and cereals are way below the non-GM varieties grown locally.

“Government may need to establish centres that assess and adopt these new biotechnology concepts, and enforce the regulation and control of GM imports,” the Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) said in a recently published report.

Other threats to the agro-industries food and beverages value chain, according to Zeparu, were unfavourable policies and regulations.

“Stakeholders also felt that there was a need to clarify policies such as the indigenisation and empowerment law which may be a hindrance to foreign investment,” it said.

The policy, which requires that foreign owned firms valued at over $500,000 cede 51 percent shares to local blacks locals has been blamed for scaring away investors.

The study, which also sought to identify policies, measures and strategies to enhance competitiveness of the agro-industries/food and beverages, cited lack of funding and liquidity as some of the factors inhibiting growth.

High cost and erratic supply of power and water, failure to meet lending requirements such as collateral for farmers were also a challenge.

“The government may therefore need to extend subsidies to overcome the inability of farmers to obtain credit or loans especially for acquisition of inputs,” reads the report.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark
 
 
 
comments powered by Disqus
 
RSS NewsTicker