The recent grain import agreement reached between Russia and Ukraine will in no way reduce the cost of importing wheat, but according to the Chairman of the Board of Directors of the company Silos and Grain Terminal of Matola (STEMA), millers can circumvent the negative impact.

Millers should be quick to buy wheat, even though the agreement opens up more room for receiving larger quantities of the commodity, Arlindo Chilundo argued in an interview with STV television channel.

"It will happen that because of an exacerbated demand the prices will go up and we will be able to feel it because the price could be pressured," he explained.

In his understanding, this price escalation should still happen this semester, "but it all depends on the efficiency of each mill because there are many competitors in this global market. Everyone wants wheat because there is a shortage [of that raw material].

For the PCA, Mozambique should take advantage of this transaction window to also import fertilizers to revolutionize agricultural production and strengthen the focus on producing more cereals, including wheat.