Malawi’s sole grain marketer the Agriculture Development and Marketing Corporation (ADMARC) has started purchasing maize from local farmers in a bid to boost its reserves which are now empty.
The move comes barely a day after President Joyce Banda instructed ADMARC officials during a political rally at Masintha ground in the capital Lilongwe to immediately start restocking its grain reserves to cushion the maize shortage facing the country.
However, ADMARC General Manager Jerry Jana has declined to talk about the buying price saying it will be determined by the market forces of supply and demand.
“It will be on the willing buyer and willing seller basis. This means that there will not be uniform buying price as some farmers will be asking for more while others will be asking for less,” he says.
Jana says ADMRC will be buying the crops from where ever it will found it “because at the meantime we have no grain the silos.”
Recent reports have indicated that over 30,000 metric tonnes of maize were rotten at the country’s grain silos in Lilongwe.Follow and Subscribe Nyasa TV :