By PRINCE MABUMBAZAMBIANS should not expect drastic reductions in the prices of mealie Meal because Zambia is a free market economy where prices are dictated by the market forces, the Millers Association of Zambia (MAZ) has warned.Andrew Chintala, the MAZ president has said time for price controls were gone and that it was the market forces which were determining the increase or reduction in the prices of commodities.Mr Chintala’s caution caomes barely days MAZ and the Food Reserve Agency (FRA) reached an agreement to reduce the price of mealie-meal to K160 per 25 kilogramme bag in Lusaka and K170 for the Copperbelt.The agreement comes after FRA’s release of over 152,000 metric tonnes of maize to some millers countrywide in an effort to trigger reduction in the cost of mealie- meal.Mr Chintala said in an interview with the Daily Nation that Zambia was a free market economy and that MAZ did not expect mealie-meal prices to […]
No drastic mealie-meal price reduction
