Cooking oil shortages loom

Shortages of cooking oil in Zimbabwe are imminent following a cut in foreign currency allocations to manufacturers by the central bank.  The Reserve Bank of Zimbabwe (RBZ) tightly controls foreign currency which is in short in the southern African country.  Oil Expressers Association of Zimbabwe (OEAZ), a grouping of seven firms which supply up to 95 percent of the edible oils consumed in the country said in a statement their “credit lines for raw materials have reached maximum levels and members can no longer access raw materials on credit from their foreign suppliers as they normally do”.