Monday, May 16, 2005

Food shortage? solution: fix prices....

With the food shortage, the prices are going up up up...so the solution is to fix prices...

LINK

Many traders had last month increased their prices by much more than what has been granted, resulting in some of them being arrested and fined for overcharging and stashing away goods in anticipation of the price rises approval.

Supermarket shelves in Zimbabwe have been empty of many essential goods ....

The goods have been readily available on the informal market - but at prices up to three times those set by the authorities......

Zimbabwe's economy has been on a downturn in the last five years characterised by runaway inflation and perennial shortages of basic commodities.

Critics partly blame the crisis on controversial land reforms that have compromised food production and the country's isolation from its traditional trading partners in Europe following the 2002 presidential elections which western observers charged were rigged. - AFP/dpa

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