Monday, August 15, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Govt moves to commercialise maize production for exports

by Steve Chilundu
30/03/2021
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Government says maize will now be a commercial crop to allow companies and large-scale farmers to grow for export purposes with the view to bring foreign currency into the economy.

According to ministries of Trade and Agriculture, this in in line with the new Control of Goods Act, which lifted a ban on maize exports by introducing export controls through licensing model.

Ministry of Trade director of trade Clement Kumbemba told a multi-stakeholder meeting on the Right to Food organised by the Centre for Social Concern (CfSC) last Wednesday that the country can benefit more from maize as a commercial crop.

He was reacting to queries by advocates of the Right to Food Bill on why government was allowing maize exports at a time local market supplies were low and prices high, with Agricultural Development and Marketing Corporation (Admarc) still rationing maize to 20 kilogramme per buyer.

But Kumbemba said the maize cleared for export was private traders  tonnage and the decision was in line with an anticipated bumper harvest this year which will need storage space.

He said: “It is government’s plan to allow citizens, companies and large commercial farmers to start producing maize commercially for export purposes. Maize will now be among commercial crops to benefit the economy.

“I can tell you that banks are now willing to finance commercial maize production because under the new Control of Goods Act, maize is no longer banned from exports but controlled through licensing.”

He said with cash crops such as tobacco performing poorly, government is looking at maize exports as an opportunity that can complement export earnings.

CfSC executive director James Ngahy,

Previous Post

RBM speaks on monetary policy

Next Post

Meck laughs last

Related Posts

The construction industry is prone to corruption
Business News

Body moves to curb corruption

August 15, 2022
Business News

Minister hails bank for agro transformation

August 15, 2022
Business News

Electricity tariff proposal to face scrutiny—mera  

August 13, 2022
Next Post
Mwase: I will wait for whatever decision

Meck laughs last

Opinions and Columns

My Turn

Making briquettes at Malasha

August 15, 2022
Candid Talk

When parents demand more

August 14, 2022
People’s Tribunal

Time is not on the side of PDP

August 14, 2022
My Thought

Stop cyber harassment

August 14, 2022

Malawi-Music.com Top10

Trending Stories

  • World Bank suggests kwacha re-alignment

    0 shares
    Share 0 Tweet 0
  • AG wants Chisale’s K3.4bn claim axed

    0 shares
    Share 0 Tweet 0
  • UDF fills up positions

    0 shares
    Share 0 Tweet 0
  • Agriculture, education reforms on rocks

    0 shares
    Share 0 Tweet 0
  • Tadala kandulu ngosi: Malawi open champion tennis genius 

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.