ZACCI DAILY BUSINESS NEWS WEDNESDAY AUGUST 26, 2020

FOREIGN EXCHANGE: ZMW:

BID OFFER
USD/ZMW 19.2726 19.3226
ZAR/ZMW 1.1518 1.1550
GBP/ZMW 25.3243 25.3958
EUR/ZMW 22.7841 22.8471 (BOZ)
ZAMBIA REVENUE AUTHORITY EXCHANGE RATES 01-15 AUGUST

US DOLLAR                  ZMW 18.2571 EURO                 ZMW 21.6810
SOUTH AFRICAN RAND ZMW   1.0906 BRITISH POUND  ZMW 23.9641
AGRICULTURE COMMODITY PRICES
GTAZ reference prices

Commodity Purchase(USD) Sell (USD)  
Soya beans 316         337
Wheat 420           430
Maize 140 164
Sun flower 265 300
Cowpeas 190 200
G/nuts shelled 874 984
Unshelled G/nuts
Rice

Source: Grain Traders Association of Zambia (GTAZ) Secretariat

INTERNATIONAL COMMODITY MARKETS

 COMMODITY CURRENT   PREVIOUS
Oil (BRENT) ($/barrel)  46.06   45.26
COPPER ($/ton)  6,544.50   6,579.50
COBALT ($/ton)  33,025.00   33,030.00
NICKEL ($/ton)  14,880.00   14,862.00
ALUMINIUM ($/ton)  1,733.00   1,735.50
LEAD ($/ton)  1,984.50    1,960.00
ZINC ($/ton)   2,462.00   2,430.00
STEEL ($/ton)   447.50    444.50
ZAMBIA ECONOMIC INDICATORS

CURRENT  PREVIOUS
Inflation (%) 15.8% (JULY, 2020) 15.9% (JUNE, 2020)
Annual GDP (%) 2.30% (2019)  3.0% (2018)  (BOZ)
Gross Reserves (US$ Billion) 1.45 1.41
BOZ Policy Rate (%) 9.25% 11.5%
 LOCAL BUSINESS NEWS

Cross border traders seek relief

Says new BoZ Governor should facilitate access to COVID-19 relief. Cross border traders have called on Bank of Governor Christopher Mvunga to facilitate access of the coronavirus relief fund among member of the cross borders traders association to help them kick start their businesses, which have been hi had by the pandemic.

Read more in daily mail

Luapula gets electrical cassava dying facilities

The cassava value chain in Luapula Province is expected to be accelerated by the setting up of drying facilities by Kemiko, which will facilitate the supply of the commodity of processors.
Read more in daily mail

INTERNATIONAL BUSINESS NEWS

Stocks Stall Near Global Record; Treasuries Dip: Markets Wrap

A rally in global stocks stalled within a whisker of February’s all-time high as investors mulled the pace of the recent gains and expectations for loose monetary policy. Treasuries edged lower. Shares underperformed in Shanghai and Australia, with more muted moves and low volumes elsewhere across Asia. European futures ticked up and S&P 500 contracts were steady after a fresh U.S. record on Tuesday, helped by gains in Facebook Inc. Crude oil traded near the highest in five months as Hurricane Laura bore down on key refining facilities on the U.S. Gulf Coast. The dollar edged up and gold retreated.

 

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