Government will give the Agricultural Development and Marketin Corporation (ADMARC) K4 billion to purchase maize from farmers in readiness of the looming hunger.
Minister of Finance Goodall Gondwe told the Malawi National Assembly Thursday that this follows the current estimation by the Ministry of Agriculture that due to low crop production, the country is likely to face some food shortage in the near future.
However, Member of Parliament for Lilongwe Msozi South Vitus Dzoole Mwale questioned the criteria government will follow to make sure that there will be no middlemen who buy maize from farmers at a lower price and sell it at a higher price to Admarc.
Gondwe said to curb the malpractice, government will be conducting monthly auditing.
According to the Minister, National Food Reserve Agency (NFRA) needs about 60 000 metric tons of maize the handle the rooming hunger.
He also disclosed that government will use some money from the World Bank meant for helping people affected by the natural disasters to fund ADMARC.
Recently, Minister of Agriculture Allan Chiyembekeza said official projections on maize production for the year 2014-2015 is that Malawi will produce 2,898,123 metric tons of grain down from 3,978, 123 last crop season a record decline of a staggering one million metric tons of maize.
Chiyembekeza also said the decline in harvest has also been seen in the production of rice now at 13.6 percent, millet at 11.9 percent, cassava 5.9 percent and sorghum at 9.3 percent. Only sweet and Irish potato production has shot by 5.9 percent and 4.4 percent respectively.
Meanwhile, the minister is expected to deliver a report to parliament on Monday next week.