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Fears Tobacco Proceeds Being Channelled To Offshore Accounts


Staff Reporter
THERE are growing fears that earnings from tobacco, which remains touted as the country’s second single largest foreign currency earner after gold’s net export proceeds, might be far less in foreign receipts compared to other commodities because most of the contract schemes are sponsored using offshore funds.
According to the state media, reports say after export, most of the proceeds remain offshore in the hands of funders and the country benefits less since it’s just a production platform. The central bank is on record that the country earns an average US$800 million from tobacco annually, but the huge amounts of money running into billions realised after value adding the cross as it circulates in global value chains is not enjoyed in Zimbabwe. ....

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CQ dairy farmers join call for milk 'national standard'


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Dairy farmers from across Central Queensland have joined calls for uniform standards in testing and sampling of fresh milk to ensure product quality and payment efficiency.
Currently there is no national standard for fresh milk testing and sampling across Australia, with farmers group Dairy Connect and Central Burnett chair Aaron Clews calling for implementation of a standardised code in the Mandatory Dairy Code of Conduct.
Dairy Connect chief executive officer Shaughn Morgan said Dairy Connect in 2019 made a submission to then Federal Agriculture Minister Bridget McKenzie in relation to the then draft Dairy Mandatory Code of Conduct. ....

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