Analyst predicts tough times for economy

By Mabuchi Chunga

Professor Betchani Tchereni, a Polytechnic based economist has lamented that the economy may struggle in the future owing to difficulties facing the country’s major cash crops on the market.

Tchereni has made the remarks following the pulling out of some cotton buyers due to disagreements over prices and also growing concerns that the prices on the tobacco market might not be favorable.

He also said ideally farmers are the ones who will suffer the most since they are the ones who have to repay loans they acquired to come to the market.

“The country relies on these markets heavily which will have an immediate effect on farmers if they do not function properly since they will not get the anticipated returns,” said Tchereni.

The country will also be dealt a big blow since it will not generate the required amount of revenue needed which means there is trouble.

“There is going to be that drop with the irregularities on the market, we may not be able to sell all the quota’s as we should have sold which will mean there is going to be a lot of supply on the market and the prices will go down which will put the country between a rock and a hard place,” said Tchereni.

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