Email a copy of 'Malawi govt subsidizing Admarc maize: Parastatal borrows money to buy grain ' to a friend
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Email a copy of 'Malawi govt subsidizing Admarc maize: Parastatal borrows money to buy grain ' to a friend
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Football Association of Malawi (FAM) has announced the appointment of Azam Tigers coach Gerald Phiri as the new Malawi National...
This is from an interview by Dr. Jerry Jana (then CEO of ADMARC) on 1 Aug 2013: “While we will continue to serve farmers and to buy their crops and export them to earn foreign-exchange revenues, ADMARC must be operated like any private-sector business and we must eliminate any operations that do not make sense commercially.” Well, buying input at artificially inflated prices and / or selling output at artificially subsidised prices to me does not make any sense commercially (nor does it incentivise farmers to make the best use of their limited resources). ADMARC and the government of Malawi… Read more »
the author of this story seems to be confused. at the outset he seems to tell the public that government is wrong by selling the maize at K250 per kg. at the end of the story, he is portraying that some quarters are angry with the high price. be consistent when writing story and choose one angle
The solution is easy allocate adequate money in good time for ADMARC in the national budget to buy maize cheaper, subsidizing this late is very expensive. for once ignore these donors’ advice on ADMARC and do the right thing for Malawians!!!!!!!!
There’s something totally unsettling in this whole story. Who would buy maize from Admarc at K312.5 when the current average market price is K225 (the highest observed prices were K260 by 8th October)? And why did Admarc buy the maize originally at K 250 when the then actual market prices were much lower? Clearly the tax payer having to step in now for Admarc not to incurr losses from their loans means that the original sellers to Admarc are the ones that reaked in the unjustified profits. Admarc should be pressured to reveal the reasons why they overpayed initially and… Read more »
And we are not going to allow you guys kuti mtengo ukwere zikatha zisankhozi, if you see ngati ndife Anyani anu imeneyo mwagwanayo, ndipi mudzakhala zitsiru mpakana kalekale.