All Entries in the "Agriculture" Category

Grain Bills Undersubscribed

The Grain Marketing Board grain bills floated through CBZ last week were undersubscribed, another sign that the market continues to be cash starved.
This cash was intended for the purchase of extra grain by GMB.
There is a lot of grain in granaries and silos across the country as farmers are holding on to the crop citing [...]

Seed Co Acquires New Research Farm in Zambia

Seed Co Limited recently acquired a research farm in Zambia as the firm continues with its expansion. This research farm would allowed for ‘increased activity and diversify weather and other risks associated with limited locations.
Apart from the purchase of the research farm. Seed Co has also released a number of products onto the market, mainly [...]

Government Steps UP Efforts to Buy Grain through grain bills

Government has stepped up efforts to raise funds for the Grain Marketing Board which will be used for the purchase of grain.
Grain Marketing Board will raise these funds through a grain bills issue amounting to US$2.5 million.
The tenor for the bills is 90 days and the interest rate is on tender basis and [...]

Pannar products now available in retail shops

Seed producer, Pannar has made a first by making sure that its products are available in retail shops.
In a development reminiscent of the 1980s when Zimbabwe was a seed producer with the product readily available on the factory shelves, Pannar maize seed is readily available.

A survey by Business Zimbabwe has shown that most retail outlets [...]

Zim Half Year Exports Drop, Imports Rise

Zimbabwe has a long way to go before it balances its exports with imports.
Latest figures have shown that the country has imported more than it has exported showing that it is a net importer.
This is a situation which is not sustainable as it puts pressure on the country’s foreign currency reserves.
The figures have also shown [...]

Hippo Plans to Increase Cane Hectrage under crop in 2010

Hippo Valley Estates, one of the largest sugar can growers and processors in the country, is planning to increase hectrage under the crop for 2010.
The company said despite the increase in the availability of water last season, it was not matched by an increase in the availability of critical inputs such as fertilizers and herbicides [...]

Agribank Records US$1,985 million loss in the first six months of the year But Meets RBZ Capital Requirements

Agribank recorded a massive US$1,985 million loss in the first six months of the year, making it the largest loss for companies which released results since the introduction of multiple currencies.
However, there was solace from the bank as it also reported that they had met the capital requirements which are due next week.
In a statement, [...]

Mealie Brand Affected By Local and Regional pressure – 60% decline in local sales

There was a 60 percent decline in terms of sales for Mealie brand on the local market.
Mealie brand is  a leader in the provision of farming implements and last year sales were positively affected by the mechanization programme that was initiated by the Reserve Bank of Zimbabwe.
This year the company had to rely on sales [...]

Windmill Zimbabwe Into Poultry Production

Windmill Private Limited Zimbabwe, for long known for providing fertilizers and agricultural chemicals has started poultry stockfeeds.
This project was started in June this year and the company representatives at this year’s Harare Agricultural Show said they were receiving a very positive response.
“We have received a number of enquiries during this year’s show and it is [...]

Results/AGMs fail to spur ZSE

A string of annual general meetings and announcement of company results failed to spur the Zimbabwe Stock Exchange to positive territory as it receded 0,55 percent lower at 136.58 points after trade on Friday.
On a week on week basis, the benchmark industrial index was 0.95 percent weaker than the week ending August 21.
Smaller companies with [...]