Zimbabwe

The plant will increase daily wheat milling capacity from 200 tonnes to 300 tonnes and achieve a notable 90% capacity utilization.

On January 31, National Foods officially delisted from the VFEX, a move the company initially announced in November 2024.

This move comes as Zimbabwe sets a record target of 120,000 hectares under winter wheat cultivation in 2025, aiming to produce 600,000 tonnes.

By implementing futures trading, ZMX seeks to offer both farmers and off-takers, such as millers, a tool for better financial planning and risk management.

These interventions have halved the gap between the formal and parallel market exchange rates.