Zim: Poultry rather sold in foreign currency

Poultry farmers in Zimbabwe are seeking permission from the Reserve Bank to sell their chicken in foreign currency as a measure to ensure that the sector remains viable.

The Poultry Farmers Association chairman George Nare recently said the farmers were consulting the central bank on the issue. “As the Poultry Farmers Association, we are still consulting the RBZ to allow us to sell our chickens in forex. We encourage our members to formalise their operations because we don't want to be found on the wrong side of the law," he said.

Nare added that although most poultry farmers were already charging foreign currency for their chickens, there was still need for the farmers to operate within the confines of the law and to receive licences.

"The situation is that everything essential in keeping our businesses is now sold in forex. Day-old chicks, poultry feed and chemicals are all sold in foreign currency and this would really disadvantage our operations if we have to continue selling in local currency. Our suppliers demand either foreign currency or fuel coupons for us to be serviced. Therefore it no longer makes business sense for us to continue selling in local currency," said Nare.

Source: The Chronicle, Zimbabwe

Or register to be able to comment.