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Stronger Kwacha cushions Imported Fruits

• Shocks on rising fuel prices on importers are being cushioned by the US dollar.
• As long as the Zambian Kwacha will remain in the range of K16 per US dollar.
• You will not see the increment on the fruit and vegetables.

Fruit and Vegetable Association of Zambia says increased fuel prices may not have a negative impact on imported fruits and vegetables owing to Kwacha against the United States Dollar.

Association President Bernard Sikunyongana tells Money FM News in an interview that cross boarder traders look at the exchange rate and the prices of fuel as factors to demine their price increment.

Mr. Sikunyongana says the shocks on rising fuel prices on importers are being cushioned by the US dollar.

He notes that as long as the Zambian Kwacha will remain in the range of K16 per US dollar, fruits and vegetable prices will not be increased.

“This side it has gone up (Fuel price) and we are being compensated from the dollar I think you remember a month ago the dollar was at K18 close to K19 and now it has gone to K16,” Mr Sikunyongana explained.

“So to us you may not see the increment on the fruit and vegetables because the dollars this side is cushioning that increment of fuel.”

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