AreaZimbabwe

Commodity GroupOilseeds, oils and meals

CommoditySoybeans

Date01/08/2017

Policy CategoryConsumption and marketing

Policy InstrumentMarket regulation

Descriptiond to stimulate domestic soybean production and reduce the country’s dependence on imported edible oil.

Notes For the 2017/18 season, the Government of Zimbabwe fixed the price for soybeans delivered to the state-owned Grain Marketing Board at USD 610 per tonne, i.e. 22 percent above the prevailing price of USD 500. The measure is meant to stimulate domestic soybean production, thus helping to reduce the country’s dependence on imported edible oil.