Soya beans prices excite farmers in Malawi

Soya beans farmers say they are excited with this year’s prices which have gone a record K310 per kilogram and the demand for the legume is still very high.

Female farmers Clean Soya

Female farmers Clean Soya

Malawi soybeans fetch good prices

Malawi soybeans fetch good prices

This comes at a time when tobacco prices are tumbling forcing the closure of Kanengo Auction Floors several times as farmers and buyers disagreed over prices and quality of the leaf.

Tobacco remains the main stay of Malawi economy though government officials including President Peter Mutharika, Finance minister Goodall Gondwe and Agriculture minister George Chaponda have been calling on farmers to start growing legumes which are in high demand in Asia.

In random interviews Kasungu and surrounding districts, farmers said the least they can get is K290 per kilogram.

“This year soya is fetching good prices on the market compared to last year. Buyers are even following us in the villages instead of us following them to their markets, this is unprecedented,” said Adams Chiguduli near Santhe Trading Centre in Kasungu.

He was in a group of a dozen other farmers smiling as buyers from Lilongwe scrambled to buy the new forex kid on the bloc.

Soya is not labour intensive and does not need fertilizer.

Last year the crop was fetching as lower as K100 per kilogram.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From Nyasatimes

More From the World

Sort by:   newest | oldest | most voted
paul
Guest
paul
4 months 18 days ago

Farmers will get more kwacha but when it comes to farm inputs they will pay more as kwacha has already started the depreciation

Little Bwana
Guest
Little Bwana
4 months 20 days ago
Just last week there was a story about a shortage of maize, looming hunger, and strategies to import (import!!!) maize until our stores replenish. Why are we spending taxpayers’ and donors’ money importing maize when we are exporting a nutritious and more sustainable soya crop? Not having maize does not mean people are hungry, yet the headlines read gloom and doom. What is maize anyway? Malawi is blessed with diverse food and fertile soil. Please, there are alternatives to maize and maize is not even that healthy – nsima ilibe zoyenelera nthupi. Let’s not be so stubborn. Why should we… Read more »
Ngwazi
Guest
Ngwazi
4 months 20 days ago

This a good development. We need more of these articles. A touch on the analysis and reporting will make the article a great piece of information. When you write and say last year, which time of the agricultural season? I real terms, how much was the kwacha price then, and how much is it now? Which markets are offering the average MK310 price?

Otherwise this is good information.

wpDiscuz