Commodities Buzz: Zimbabwe Releases $20 Millions For Wheat Imports

The Reserve Bank of Zimbabwe has released $ 20 million needed by millers to pay for the wheat they are importing from Canada and Germany.

The $ 20 million is part of the payment for the 200 000 metric tonnes of wheat which millers through their APEX representative body, the Grain Millers Association of Zimbabwe (GMAZ) last month sourced from Canada and Germany.

The 200 000 tonnes will however come in batches until the country harvests winter wheat crop this summer.