Cooking oil producers say supply is adequate

Cooking oil producers say supply is adequate
Published: 11 October 2018 (235 Views)
At a time the country is battling cooking oil shortages, oil producers say they have sufficient crude oil to meet demand.

United Refineries, the edible oils producer said it received close to 10 000 metric tonnes of soya beans from the Grain Marketing Board between May 2018 and September 2018 under a government supported price incentive.

"And we also received support from the Reserve Bank of Zimbabwe (RBZ) for the importation of over 5 000 metric tonnes of soya beans and 1 000 metric tonnes of crude oil for the month of October. We are in constant communication with our bankers and the RBZ to ensure adequate supplies of cooking oil to our valued customers," a statement posted on Twitter by the United Refineries chief executive officer Busisa Moyo said.

Surface Wilmar, which produces the Pure Drop brand, in a statement said it had enough capacity to meet national demand for cooking. It also advised that its retailing price of $3,70 for a two-litre bottle had not changed



Surface Wilmar blamed prevailing shortages on speculators bent on profiteering.

United Refineries said it was implementing a Soya Bean Outgrower Alliance (SOBOA) programme supported by various banks and input providers to expand the hectarage under soya for the coming agricultural season.

It has applied to the ministry of Lands, Agriculture, Water and Rural Settlements for 20 000 hectares of land near a viable water source for joint-venture farming as an import substitution measure.

Oil expressers require at least 150 000 tonnes of soya beans per year to substitute the importation of crude soya oil.

Industry experts have noted that the country has never produced enough soya beans. The peak output was 135 000 tonnes in 2000.

Last year, only 30 000 tonnes of soya beans were produced. Government is currently pumping out around $172 million on imports.

"We urge our loyal customers, who have supported the Roil brand over the last eight decades, not to be taken advantage of or to risk their hard-earned money with speculative buying or hoarding as this is likely to result in loss," the statement further stated.

A two-litre pack of the United Refineries' Roil brand, officially retailed at $3,99, is being sold at as much as $10 in the underground market.

- newsday

Tags: Cooking, Oil, Producers,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

ZANU PF's 'War Room' exposed?

by Mandla Ndlovu | 12 December 2018 | 20 Views

Patience and Positivity required to reach Vision 2030

by Mike Tawanda | 12 December 2018 | 27 Views

MDC-T disowns Chamisa

by MDC-T | 12 December 2018 | 27 Views

Canaan Banana unmasked

by Mandla Ndlovu | 12 December 2018 | 18 Views

Biti bail conditions relaxed, passport returned

by Stephen Jakes | 12 December 2018 | 109 Views

Joy TV returns

by Staff reporter | 12 December 2018 | 107 Views

Mphoko: Taking a Cue from the Coup

by Robert Sigauke, Cape Town | 12 December 2018 | 99 Views

Groom humiliated

by Staff reporter | 12 December 2018 | 223 Views

Jailed Tsikamutanda moos like a cow

by Staff reporter | 12 December 2018 | 128 Views

Oscar Pambuka, Maziwisa released from jail

by Mandla Ndlovu | 12 December 2018 | 181 Views

FULL LIST: MDC Youths elect new leaders

by Mandla Ndlovu | 12 December 2018 | 96 Views

WATCH: Political change coming to Zimbabwe in 2024

by Mandla Ndlovu | 12 December 2018 | 96 Views

75 land barons arrested

by Staff reporter | 12 December 2018 | 81 Views

6 000 expected at Zanu-PF conference

by Staff reporter | 12 December 2018 | 76 Views

Zimbabwe judiciary's autonomy questioned

by Staff reporter | 12 December 2018 | 81 Views

Mnangagwa, Chamisa urged to dialogue

by Staff reporter | 12 December 2018 | 99 Views

Sadomba set for Dembare return

by Staff reporter | 12 December 2018 | 81 Views

Obert Gutu exposes ex-MDC ministers

by Mandla Ndlovu | 12 December 2018 | 116 Views

Oscar pambuka;Maziwisa released from jail

by Mandla Ndlovu | 12 December 2018 | 103 Views

Mnangagwa to oppose anti-Chamisa constitutional amendment

by ZimLive | 12 December 2018 | 130 Views

Mnangagwa says those thinking GNU are day-dreaming

by Staff reporter | 12 December 2018 | 116 Views

EXCLUSIVE: Former VP Mphoko speaks on Choppies saga

by Mandla Ndlovu | 12 December 2018 | 122 Views

Chief Maduna playing politics

by Bevan Musoko | 12 December 2018 | 97 Views

Temba Mliswa goes after gold barons

by Mandla Ndlovu | 12 December 2018 | 109 Views

Mnangagwa speaks on GNU with Chamisa

by Mandla Ndlovu | 12 December 2018 | 119 Views

Journalist hospitalised after police assault

by Staff Reporter | 12 December 2018 | 92 Views

Parirenyatwa given his passport

by Mandla Ndlovu | 12 December 2018 | 85 Views

Cabinet orders doctors to go back to work

by Mandla Ndlovu | 12 December 2018 | 118 Views

Lumumba confronts ZANU PF

by Mandla Ndlovu | 12 December 2018 | 154 Views

Curtains: an anthology of poems

by Brian Maregedze | 12 December 2018 | 100 Views

America's 'friend' Biti must come clean

by Staff reporter | 12 December 2018 | 160 Views

RG denies sexual allegations against him

by Staff reporter | 12 December 2018 | 148 Views

Maziwisa, Pambuka apply for bail pending appeal

by Staff reporter | 12 December 2018 | 123 Views

Chivayo vs ZPC judgement expected today

by Staff reporter | 12 December 2018 | 120 Views

Zimbabwe is open for abuse and foreign interference

by Pupurai Togarepi | 12 December 2018 | 123 Views

'Blacklist firms engaged in corruption'

by Staff reporter | 12 December 2018 | 120 Views

Empower Bank to open branch in Bulawayo

by Staff reporter | 12 December 2018 | 102 Views