13 October 2015
New Zimbabwe Header
Buhari asks top finance expert to join govt
Top soldier in u-turn over anti-Mujuru threat
France donates $1m for science, research
EU says Guinea's presidential vote valid
Police officers housed in horse stables
MISA: Charamba cant stop the new media
Why Grace spent $mlns in Chimanimani
Arrest parents of child brides, minister
Govt-owned NetOne makes $5.8m loss
Chicken Inn to list on stock market
Obama on Kanye West presidency
Pictures: Hre carnival street parade
Antipas upbeat as Chicken Inn clear
Warriors ready for Lesotho showdown
Zim: Portrait of an economy in pain
Sedze: We risk being a supermarket economy
Lost gospel heresy: Jesus had no wife
Ncube: ICT should be compulsory in schools
GMOs causing price distortions, study
09/07/2014 00:00:00
by The Source
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.


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

Digg it






Face Book


comments powered by Disqus
Car shipping to Namibia, Zimbabwe, Botswana, Mozambique, South Africa and Zambia from UK
RSS NewsTicker