Post by Trade Coach on Dec 3, 2012 18:10:18 GMT 1
A US$35 million Government and private sector investment in Zimbabwe’s soya bean crop is set to boost production.
Increasing demand for the crop is expected to see its production rise from 70,500 tonnes last year to 115,000 tonnes this season.
Soya beans and its by-product are used for a variety of things including the production of cooking oil, stock feed and other edible foods.
With the anticipated growth in demand, the Government has planned a number of financing facilities for the 2013 season which were outline by Finance Minister Tendai Biti.
He said these include US$5.6 million by Olivine Industries, US$25 million from the Agricultural Marketing Authority bills and US$5 million tripartite initiated facility involving the Grain Marketing Board, Agribank, farmers and oil expressers.
There is also interest from the Infrastructural Development Bank in sponsoring 10,000 hectares of soya beans on the Agricultural Rural Development Authority Estates.
Source: www.africanbusinessreview.co.za/business_leaders/increased-demand-for-zimbabwean-soya-beans
Increasing demand for the crop is expected to see its production rise from 70,500 tonnes last year to 115,000 tonnes this season.
Soya beans and its by-product are used for a variety of things including the production of cooking oil, stock feed and other edible foods.
With the anticipated growth in demand, the Government has planned a number of financing facilities for the 2013 season which were outline by Finance Minister Tendai Biti.
He said these include US$5.6 million by Olivine Industries, US$25 million from the Agricultural Marketing Authority bills and US$5 million tripartite initiated facility involving the Grain Marketing Board, Agribank, farmers and oil expressers.
There is also interest from the Infrastructural Development Bank in sponsoring 10,000 hectares of soya beans on the Agricultural Rural Development Authority Estates.
Source: www.africanbusinessreview.co.za/business_leaders/increased-demand-for-zimbabwean-soya-beans
