Liquidity crunch plagues winter wheat contracting

“We are a bit worried, what is worrisome is the hectares that we have done so far. Out of the 122 000 hectares we have done 42 000 hectares, and if we calculate using our planting dates, we’re realising that we are a bit behind,”

THE current liquidity squeeze is stifling financing of the upcoming winter wheat production season, which could impact on overall output, the Food Crop Contractors Association (FCCA) has warned.Foreign currency shortages worsened by the tightening of the ZiG supply by the authorities have presented headaches for financiers and farmers across the country amid rising costs of…

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