Ncube probes cooking oil shortages Zimbabwe Situation
The tour of the cooking oil manufacturing giant Surface Wilmar by Ncube on Friday created a platform to assess the challenges affecting the sector. This comes as Zimbabwe is experiencing inadequate supplies of cooking oil and price hikes because of inadequate foreign currency allocations to the oil industry by the Reserve Bank of Zimbabwe (RBZ).
OIL Expressers Association of Zimbabwe (OEAZ) has blamed the cooking oil shortages on delays in turnaround time from paying suppliers to getting the crude oil into the country, saying the
'RBZ responsible for cooking oil shortages'
Source: ‘RBZ responsible for cooking oil shortages’ DailyNews Live Gift Phiri 27 September 2024. HARARE Zimbabwe is experiencing inadequate supplies of cooking oil and price hikes because of inadequate foreign currency allocations to the oil industry by the Reserve Bank of Zimbabwe (RBZ), the Daily News can report.
Source: Forex shortage affects cooking oil production Newsday (Business) COOKING oil producers say they can no longer access raw materials on credit from their foreign suppliers, following a reduction of foreign currency allocations to less than $1,5 million per week.
Cooking Oil shortages expected to HIT Zim as biggest
Cooking Oil shortages expected to HIT Zim Cooking oil manufacturer, Surface Wilmar has shut down its operations until further notice citing the current biting foreign currency shortage which, has seen the company failing to service its foreign suppliers.
Panic as cooking oil shortage hits Zim Farayi Machamire • 17 October 2024 2:29PM • 5 comments HARARE There is once again growing uneasiness in the market as the country has been hit by another shortage of cooking oil, which retailers blame on oil manufacturing companies — who are said to be selectively supplying a few “favoured” outlets.
Cooking Oil Shortages Loom As Production Drops To 15
Power outages are reported to have crippled cooking oil production at Surface Wilmer manufacturer in Chitungwiza for several weeks. Surface Wilmar manufactures Pure Drop cooking oil. Speaking to Deputy Minister of Industry and Commerce Raj Modi during a tour at the company’s Chitungwiza plant, Surface Wilmar Chairman Somani Narotta said that they were now incapacitated
Forex shortage affects cooking oil production. By newsday September 27, 2024. COOKING oil producers say they can no longer access raw materials on credit from their foreign suppliers, following
Cooking Oil Shortage As Forex Reserves Vanish ZimEye
Cooking oil producers are struggling to access foreign currency from the Reserve Bank of Zimbabwe (RBZ) and the interbank market, which they need to import key raw materials, raising fears the
RBZ turns screws on cooking oil producers September 24, 2024 in Business The Reserve Bank of Zimbabwe (RBZ) is mulling plans to stop allocating foreign currency to cooking oil manufacturers to force them to acquire raw materials locally.