Liquidity crunch plagues winter wheat contracting

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THE current liquidity squeeze is stifling financing of the upcoming winter wheat production season, which could impact on overall output, the Food Crop Contractors Association (FCCA) has warned.

Foreign currency shortages worsened by the tightening of the ZiG supply by the authorities have presented headaches for financiers and farmers across the country amid rising costs of inputs.

FCCA president Graeme Murdoch called for the urgent need for tailored financial solutions to ensure the sustainability of wheat production.

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