President Peter Mutharika says his government will end the malpractice of exploiting farmers which he said is happening due to informal exports of agricultural commodities. He made the remarks Wednesday in Lilongwe during his visit to the Auction Holdings Commodity Exchange (AHCX), which facilitates domestic and international trade, mainly grains and legumes under the concept […]
The Auction Holdings Commodity Exchange (AHCX) and the New Finance Bank (NFB) on Monday signed a Memorandum of Understanding (MOU) on the warehouse receipt financing facility, a loan package that is on offer to farmers that will sell their produce to the holdings. Speaking during the signing ceremony in Lilongwe, AHCX General Manager Davies Manyenje […]
Officials from Auction Holdings Commodity Exchange (AHCX) are encouraging farmers in Malawi to grow more soya, saying the crop can bring in US$1 billion in one growing season. AHLX publicist Thom Khanje said the legume has steady markets in Zambia and Botswana. “Zambia has banned the importation of cooking oil therefore there is huge demand […]
Malawi’s Auction Holdings Commodities Exchange (AHCX) has commended the Malawi government for advising farmers to use commodity exchanges in the selling of their crops as one way of fetching better prices as well as getting access to finance using their produce as collateral. Ministry of Agriculture, Irrigation and Water Development and the Ministry of Industry, […]