An exceedingly growing demand for soya has also raised farmer’s expectations towards price, as they expect the market to buy at K400/kg.
Agriculture Commodity Exchange (ACE) Chief Executive Officer, Kristian Schach Møller, said interest for the commodity from Zimbabwe had started picking up, as prices are at their highest this season at K335 per kg. “There is healthy competition on the market as buyers are still keen to buy.”
Earlier this year, Oilseed firms were pushing for the imposition of $100 per tonne levy on soya bean exports so that domestic prices fall, but consequentially, stakeholders opposed the motion, stating that it would be in conflict with the principles of the Control of Goods Act. Meanwhile soya growers are hoping that the bean’s price will rise to K400/kg.