Treasury raises 2021 agric growth forecast

Tapiwanashe Mangwiro

Zimbabwe’s agriculture sector is projected to register strong growth this year after the Treasury revised upwards the initial growth target by 2,2 percent to 36,2 percent, on account of higher than initially expected grain output and livestock production.

This was revealed by Finance and Economic Development Minister Professor Mthuli Ncube at the 2022 pre-budget seminar held in Victoria Falls from Friday last week to Sunday this week.

“Growth of the sector in 2021 has been revised upwards to 36,2 percent, from the initial projection of 34 percent, on account of higher-than-anticipated performance of tobacco, wheat and livestock, particularly beef, poultry, pork, sheep and goats,” Mthuli told parliamentarians.

Tobacco, the country’s second largest single export after gold, is expected to be delivered this year is 210 000t up from 184 000t delivered last year, with wheat expected at 276 000t from a previous harvest of 212 000t in 2020.

Beef and poultry are expected to close at 67 800t and 163 500t respectively.

Zimbabwe is anticipating a volume of more than 300 000 metric tonnes of wheat this year, against an annual requirement of 360 000 metric tonnes.

Wheat deliveries plummeted following the land reform exercise of the early 2000s, undertaken to accommodate the landless majority, but production has been on the increase due to Government support for farmers.

Maize production has over the years also registered major growth.

This year Zimbabwe suspended maize imports after the country recorded a bumper maize harvest of 2,8 million tonnes of the staple crop, against the national consumption of 1,8 million metric tonnes annually.

The increase in maize production was attributed to abundant rainfall received in the 2020/2021 farming season, and early distribution of inputs and support to farmers by the Government.

The area under maize also rose to 2 million hectares in the 2020/2021 farming season, against 1,5 million hectares a year earlier.

In terms of tobacco production, output this year outstripped last year’s deliveries of 185 million kilogrammes and reached 210 million kg.

The area under tobacco this year increased by 6,1 percent from 117,976 hectares cultivated in the 2019/20 season to 125 176 hectares in the 2020/21 season, with 84 000 hectares under irrigation.

This year Zimbabwe expects its economy to grow by 7,8 percent, driven by a successful agricultural season, recovering commodity prices, and increasing industrial production and exports.

In 2022, Treasury anticipates the sector to grow by a modest 5,1 percent, which it says will be spurred by the expected moderate rainfall and continued government support.

Livestock is also expected to remain buoyant on condition of expected good pastures and water availability.

Related Posts

LIVE: Independence Day Main Celebrations in Maphisa, Matabeleland South Province

Welcome to our Live Blog from Maphisa Stadium, Matabeleland South Province. As Zimbabwe marks its 46th Independence anniversary today, the dusty plains of Maphisa have come alive, carrying more than…

WATCH: President Mnangagwa arrives in Bulawayo for Children’s Party in Maphisa

Peter Matika, [email protected] President Mnangagwa has arrived in Bulawayo en route to Maphisa, where he is expected to preside over the pre-Independence Children’s Party at Mahetshe Primary School. President Mnangagwa…

Leave a Reply

Your email address will not be published. Required fields are marked *

×
×