Liquidity crisis bites United Refineries Limited

AGRO-PROCESSING concern, United Refineries Limited (URL) says the liquidity crisis has made it impossible to bring in sufficient raw materials, resulting in the company failing to meet demand for cooking oil.

In the past few weeks, NewsDay conducted a survey in Bulawayo, which revealed that a number of supermarkets, which used to stock large quantities of Roil –URL’s cooking oil brand – had no product in their shelves.

Contacted for comment, URL chief executive officer, Busisa Moyo said they have been facing challenges of the liquidity crisis, which made it difficult for them to bring in raw materials to meet demand.

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