Business

Liberalise grain trade sub-sector

KALONDE NYATI, Lusaka
ZAMBIA should fully liberalise the grain trade sub-sector to enable the country to increase its foreign exchange earnings, an agricultural policy think tank says.
Indaba Agricultural Policy Research Institute (IAPRI) said grain trade, particularly maize, has been characterised by restrictions, which undermine the sector’s capacity to contribute to export revenue.
In 2016, Zambia earned about US$172 million in maize exports, representing 28 percent of the total US$611 million recorded from agricultural exports, demonstrating that the sector has potential.
According to the latest report dubbed ‘Getting it right: How to make grain trade work for Zambia’, IAPRI advised Government not to institute any trade restrictions either through statutory instruments or administratively through delays in the issuance of export permits.
“The current trade policies have witnessed an increase in the imposition of trade restrictions, including outright export bans. http://epaper.daily-mail.co.zm/

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