Chronicle Editor
Kiyapili Sibanda, Business Reporter
FARMERS have expressed concern over the recent price increases on livestock vaccines and related products saying the move would negatively affect livestock farming.
A snap survey carried out by Business Chronicle in selected shops dealing with livestock vaccination in Bulawayo revealed that prices have been increased by over 120 percent.
A product such as Hitet 120, which used to cost $4, is now $8.25, Alamycia, which used to cost $5 is now pegged at $12 while Supadip Coopers now costs $22 from $11.
Zimbabwe Farmers’ Union (ZFU) executive director, Mr Paul Zakariya, said his association was alarmed by the recent price increases for most imported items. He said while the country was facing foreign currency challenges, outlets had increased prices by very huge margins.
“We have seen a general increase of prices for items that are imported. These companies need foreign currency to import hence the sharp increases in prices,” said Mr Zakariya.
An official from Fivet, a company that deals with animal health who requested anonymity, said they had challenges accessing foreign currency and this has forced them to increase prices.
“Most of our products are imported from South Africa and Europe and we need to generate enough money to buy foreign currency,” said the official.
Mr Jabulani Phetshu, a farmer from Shangani area in Matabeleland South accused the shops of ripping off farmers.
He said the price increases were effected two weeks ago.
He blamed the social media-induced panic buying which resulted in shortages.
“There is something going on here. How can these products skyrocket like that? People are sabotaging the economy taking advantage of the farmers’ plight.
“As farmers we are not happy and sanity has to prevail in the market. We are calling on the relevant Ministry to take action against this price madness,” said Mr Phetshu.
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