THE REPUBLIC OF ZAMBIA
For Immediate Release
PRESIDENT SATA ON PLANS TO HIKE PRICE OF BREAD
LUSAKA, Wednesday, October 26, 2011– His Excellency Mr Michael Chilufya Sata, President of the Republic of Zambia, has instructed the Minister of Agriculture and Livestock, Hon. Emmanuel Chenda to meet all stakeholders in the wheat industry.
President Sata says plans to hike the price of bread by K500 were unjustified.
“The plans to increase the price of bread will largely hurt the poor. The poor consumer bears the blunt of such hikes which are not justified. Government will do everything possible to curb exploitation and maintain the price of bread, even if it means authorizing the importation of wheat into the country,” says the President.
“We, therefore urge all stakeholders in the wheat value chain to exhaust consultations amongst themselves before taking positions that could undermine consumer interest and that of the industry itself in the long-run.”
The President says government will not be blackmailed by any stakeholder in the food chain of essential commodities.
Government is currently in dialogue with the Zambia National Farmers Union (ZNFU) and the Bakers Association of Zambia regarding measures meant to eliminate unnecessary cost elements so that the wheat industry becomes more competitive.
The President expects the bakers association and wheat farmers to reach a reasonable consensus that does not only serve their interests, but more importantly, the consumer.
SPECIAL ASSISTANT TO THE PRESIDENT
PRESS AND PUBLIC RELATIONS