Maize prices continue to go down as Admarc maintains high prices
Maize prices in the country continue to go down, especially in the central region just a two months before the harvest season.
A snap survey by Nyasa Times in Lilongwe show a 50kg bag of maize is selling at K8000 to K9000.
This is in sharp contrast to the prices in Admarc markets where the same bag is selling at K12500.
Some vendors in Lilongwe said the maize prices are going down because traders do not want to have the 2016 maize carried over to 2017 because that would push the prices further down.
Agriculture ministry principal secretary Erica Maganga said her ministry will be meeting officials from the ministry of Finance in a bid to bring down prices in Admarc markets.
Admarc CEO Foster Mulumbe said cutting down on the maize prices in Admarc markets would lead to a loss of US$5 million following a PTA bank loan the state run grain dealers took.
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If the maize from Zambia was not supplied, why sell the maize resourced within Malawi at high price to the poor Malawians. Why not distribute the maize free to the impoverished Malawian. Where is the logic from Chaponda ministry
We have one month before the 2017 harvest begins, yet only 5% of Zambia maize is in the country. Did we really have a maize shortage in 2016 or somebody deliberately created the famine so that they should cashgate the loan from PTA. Imagine the whole ministry of Agriculture and ADMARC miscalculating the we need 100,000 metric tonnes of maize from Zambia when the need did not exist!
And why is ADMARC selling at K12,500 when vendors are selling at K10,000? This ADMARC maize will rot in the silos.
To me this reflects badly on those in government.
The goodness is that maize is available in all markets. To argue on prices means that we have a choice of markets and that’s good.
Why is ADMARC selling maize at K12,500 when we have been told that the maize was not delivered and will not be paid for? Mtengo umenewu mukugulitsa chimanga chomwe munagula mmalawi momwe muno? Kuba basi boma