Zimbabwe's Maize Import Policy Reversal Amid Harvest Downturn

Zimbabwe, grappling with a downward revision in its 2024/25 maize harvest, has lifted its import ban, allowing millers to bring in maize when necessary. This decision follows the removal of restrictions imposed in August.

The government had initially predicted a 2.3 million metric ton yield, sufficient for national needs. However, recent figures from the national statistics agency adjusted that estimate to 1.8 million metric tons, prompting the policy change and concern over food security.

The milling industry was strained as the second largest milling firm halted operations due to a maize shortage. Analysts believe initial production figures were exaggerated, and the absence of the Grain Marketing Board's monopoly has complicated the grain supply chain. Elevated local production costs and strong US dollar exchange rates make imports from countries like South Africa more cost-effective for millers.