Thai White Rice 5%   :   570 (FOB BANGKOK USD/MT)    |   Thai White Rice 15%   :   550 (FOB BANGKOK USD/MT)    |   Thai White Rice 25%   :   520 (FOB BANGKOK USD/MT)    |   Thai White Rice 100%   :   445 (FOB BANGKOK USD/MT)    |   Vietnam White Rice 5%   :   560 (FOB HCMC USD/MT)    |   Vietnam White Rice 25%   :   540 (FOB HCMC USD/MT)    |   Vietnam White Rice 5451 5%   :   570 (FOB HCMC USD/MT)    |   Vietnam Fragrant Rice 5%   :   595 (FOB HCMC USD/MT)    |   Vietnam Fragrant Broken 100%   :   500 (FOB HCMC USD/MT)    |   Thai Fragrant Broken 100%   :   530 (FOB BANGKOK USD/MT)    |   Myanmar White Rice 5%   :   580 (FOB YANGON USD/MT)    |   Myanmar White Rice 25%   :   560 (FOB YANGON USD/MT)    |   Myanmar White Rice 100%   :   430 (FOB YANGON USD/MT)    |   India Long Grain White Rice 5%   :   600 (FOB MUNDHRA USD/MT)    |   India Medium Grain White Rice 5%   :   590 (FOB KOLKATA USD/MT)    |   Indian Brown Rice Swarna 5%   :   500 (FOB KOLKATA USD/MT)    |   Thai Parboiled Rice 5%   :   630 (FOB BANGKOK USD/MT)    |   Indian Long Grain Parboiled Rice 5%   :   540 (FOB KOLKATA USD/MT)    |   Indian Medium Grain Parboiled Rice 5%   :   525 (FOB KOLKATA USD/MT)    |   Vietnam Long Grain Parboiled Rice 5%   :   600 (FOB HCMC USD/MT)    |   Indian Basmati Rice 5% (1121 Pure)   :   1300 (FOB MUNDHRA USD/MT)    |   Thai Hommali Rice 5%   :   880 (FOB BANGKOK USD/MT)    |   Cambodia Phka Malis Rice 5%   :   820 (FOB SIHANOUKVILLE USD/MT)    |   Thai Glutinous Rice   :   750 (FOB BANGKOK USD/MT)    |   Vietnam Long AN Glutinous 10%   :   650 (FOB HCMC USD/MT)    |   Vietnam AN Giang Glutinous 10%   :   650 (FOB HCMC USD/MT)    |   Vietnam Japonica 5%   :   650 (FOB HCMC USD/MT)    |   Corn India SPOT   :   305 (FOB NHAVA SHEVA USD/MT)    |   Corn Pakistan SPOT   :   220 (FOB KARACHI USD/MT)    |   Robusta Coffee Vietnam   :   3800 (FOB HCMC USD/MT)    |   Black pepper Vietnam   :   4600 (FOB HCMC USD/MT)    |  
Home
News
Trends

Zimbabwe’s latest land compensation offer draws criticism

Aug 26, 2024

Views: 29

    The Zimbabwe government’s latest announcement regarding compensation for land lost by white farmers during the land reform process in the 2000s was nothing but propaganda, according to Saai chairperson Dr Theo de Jager.

    De Jager said the Zimbabwean government’s offer to compensate the farmers in government bonds was unacceptable.

    According to a report by The Zimbabwe Mail, more than 1,300 former white commercial farmers had agreed to a revised compensation plan with the Zimbabwean government earlier in the month.

    The announcement was made by Professor Mthuli Ncube, the country’s Finance, Economic Development, and Investment Promotion minister.

    “This announcement simply does not make sense,” said De Jager.

    7366

    “Between Saai, the Zimbabwe Commercial Farmers Union, and the Southern African Commercial Farmers Alliance, we represent the vast majority of the 2,500 white farmers who fell prey to land seizure. So, the number of 1,300 farmers who allegedly accepted the agreement makes no sense. The rest of the affected farmers consistently refused the state’s offer of compensation in the form of government bonds,” he told Farmer’s Weekly.

    According to the report, the updated agreement was aimed at compensating farmers for improvements made on the properties they occupied during the land reform program that took place in the early 2000s.

    “Initially, the government and two farmer unions − the Commercial Farmers Union (CFU) and the Southern African Commercial Farmers Alliance − reached an agreement in April 2021, known as the Global Compensation Deed. This deal stipulated payments totaling R62,42 billion, with the plan to disburse half the amount within the first year and the remainder in four annual installments of R7789,97 million each,” it said.

    “The government has also initiated a verification process and invited applications through national newspapers for compensation related to farms protected by Bilateral Investment Protection and Promotion Agreements (BIPPAs) ratified before the land reform program,” according to Ncube.

    Ncube said the payment of compensation to these former landowners was a crucial element of Zimbabwe’s debt clearance strategy, supported by the African Development Bank.

    Source: Farmers Weekly 

    Share this