Dairy Producers to Leverage on Govt Initiatives

ZIMBABWE - The Zimbabwe Association of Dairy Farmers (ZADF) says the sector will leverage on the recent policy measures exempting dairies from paying duty in foreign currency for certain selected inputs to boost productivity as well as enhance its contribution to economic growth.
calendar icon 11 September 2019
clock icon 1 minute read

Last month, Government exempted 12 food and beverages companies from paying duty in foreign currency when importing certain raw materials necessary for their production processes in a move expected to boost production and consumption of locally manufactured goods. This comes at a time Government is pushing for the industrialisation agenda.

ZADF chairman Kudzai Chirima told the Herald Finance & Business that this will benefit everyone along the dairy value chains.

“The amendment to the Customs and Excise through Statutory Instrument 170 of 2019 exempting dairies from paying duty for some of the critical imports is indeed a welcome development by our dairy industry,” he said in email responses.

“This is so, because, the exempted companies will find it easier to import the required and specified raw materials without the hustles of trying to secure foreign currency from the interbank market, given that the products they manufacture from the same raw materials are sold locally in local currency, especially in the face of critical foreign currency shortages in the economy.

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Source: The Herald

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