ZACCI DAILY BUSINESS NEWS MONDAY SEPTEMBER 21, 2020

FOREIGN EXCHANGE: ZMW:

BID OFFER
USD/ZMW 19.8960 19.9460
ZAR/ZMW 1.2314 1.2348
GBP/ZMW 25.7991 25.8719
EUR/ZMW 23.5568 23.6240 (BOZ)
ZAMBIA REVENUE AUTHORITY EXCHANGE RATES 01-15 SEPTEMBER

US DOLLAR                  ZMW 19.5000 EURO                 ZMW 23.2035
SOUTH AFRICAN RAND ZMW   1.1719 BRITISH POUND  ZMW 25.9408
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) ($/barrel)  42.88   41.66
COPPER ($/ton)  6,833.50   6,776.00
COBALT ($/ton)  33,980.00   34,000.00
NICKEL ($/ton)  14,906.00   15,160.00
ALUMINIUM ($/ton)  1,745.00   1,759.00
LEAD ($/ton)  1,889.50    1,883.50
ZINC ($/ton)   2,512.00   2,505.50
STEEL ($/ton)   456.00    450.50
ZAMBIA ECONOMIC INDICATORS

CURRENT  PREVIOUS
Inflation (%) 15.5% (AUGUST, 2020) 15.8% (JULY, 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

Zambia gets copper price boost

Metal fetching US$6,850 per tonne, its highest level since June 2018. Zambia’s major foreign exchange earner, copper, hit a more than two-year high on Friday, bouyed by a weaker United States dollar and strong fund buying on hopes Chinese stimulus would spur demand in the worls’s biggest metals consumer.

Read more in daily mail

Diversify crop production – DC

MPULUNGU District Commissioner Dennis Sikazwe has urged farmers to engage in crop diversification instead of concentrating on maize. Mr Sikazwe also called for a paradigm shift among the people in Mpulungu to embrace farming and not only depend on fishing. He said this on Friday when he addressed farmers at a meeting also attended by Neria’s Investment Limited general manager Martin Chaikatisha. He said farmers need to increase growing of other crops like soya beans and sorghum. “We want the next coming season to see Food Reserve Agency buying sorghum and soya beans. It’s not only maize that you can sell because there are many companies that buy soya beans and sorghum,” he said.

INTERNATIONAL BUSINESS NEWS

With Gold Rallying, Mining CEOs Say ESG Scrutiny Is Intensifying

Skyrocketing gold is providing a welcome windfall to the mining industry, but it’s also attracting a broader base of investors who are demanding greater attention to environmental, social and governance topics. Interest in ESG issues has moved to the forefront in conversations with stakeholders in the past year, top executives said in the run-up to the Denver Gold Group’s Americans conference, a key annual event in the precious-metals world. Such talks come as investors snap up billions of dollars in stock offerings from once-shunned gold miners.

 

 
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