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Zimbabwe Wheat Supplies Dwindle on Foreign-Exchange Shortage

  • Central bank hasn’t released funds to pay for imports at port
  • Millers say $12.5 million needed each week to maintain supply
Farming In Zimbabwe
Photographer: Dan Kitwood/Getty Images

Zimbabwe is running out of wheat because the central bank won’t provide foreign currency needed to pay for a consignment of the grain, the Grain Millers’ Association of Zimbabwe said.

The country only has 28,028 metric tons of wheat stored, compared with a three-monthly requirement of 114,000 tons, Lynette Veremu, general manager of the association, said in a Sept. 4 letter to millers seen by Bloomberg. The document, stamped ‘Trade Secret,’ was verified by the association.