Saturday, May 21, 2022
  • About Us
  • ImagiNATION
  • Adverts
  • 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

Informal maize exports up 125%

by Grace Phiri
03/09/2021
in Business News, Front Page
3 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Informal cross-border maize exports increased by 125 percent from 1 258 metric tonnes (MT) in June to 2 829 MT in July this year, published figures from the Famine and Early Warning Systems Network (FewsNet) show.

In its August 2021 Malawi Food Security Outlook Update, FewsNet reported that at 2 829 MT, the July 2021 exports are 38 percent higher than the five-year average due to above-average maize output.

Maize prices continue to escalate on the local market

Reads the report in part: “Overall, staple maize grain prices continue to trend lower than the five-year average.

“This is largely due to two consecutive above-average production seasons leading to higher supplies at household, market and national levels.”

Meanwhile, month-on-month informal cross- border maize imports (mostly from Mozambique and Zambia) decreased by 26 percent from 1 955 MT in June to 1 444 MT in July.

In an interview yesterday, Grain Traders Association of Malawi president Grace Mijiga Mhango said exports have increased due to maize shortage in neigbouring Mozambique.

She said: “We noted that since April, Mozambique maize was not coming into Malawi as it normally does during harvest.

“Instead, maize has been moving into Mozambique. Besides that, their prices as early as end May were already quite high trading at K185 per kilogramme (kg) in Nampula as opposed to K80 to K90 in Malawi.”

According to the International Food Policy Research Institute, between April and July 2021, 8.8 percent of farmers were selling maize at equal to or greater than the minimum farm-gate price of K150 per kg.

In an interview yesterday, Ministry of Trade spokesperson Mayeso Msokera indicated that the ministry is working in collaboration with the Malawi Revenue Authority, law enforcement and public security agencies to curb smuggling, including that of maize.

“We wish to remind the public that under the Control of Goods Act 2018, maize is a controlled commodity, the export of which requires a licence,” he said, adding that a window for maize export has not been opened.

Msokera said the decision to issue export permits will have to be endorsed by the Ministry of Agriculture after reviewing the country’s food balance sheet.

The first round crop production estimates showed that Malawi was expected to produce 4.4 million MT of maize, which is 42 percent above the five-year average and 29 percent above the estimated national requirement of 3.4 million MT.

Previous Post

Forex losses dampen Airtel Malawi H1 profit

Next Post

‘MG1’ storms Capital Hill

Related Posts

Gwengwe: Closing the gap requires two things
Business News

World Bank sees widened fiscal deficit

May 21, 2022
Malga wants central government to share revenue from this facility with the respective council
Business News

RFA, Malga disagree on toll gates revenue

May 21, 2022
A consumer loading prepaid electricity credit whose 
tariffs have been revised
Business News

Cama wants electricity tariffs reduced

May 21, 2022
Next Post
Chakwera and Chilima being briefed about the salary delays

‘MG1’ storms Capital Hill

Opinions and Columns

Layman's Reflection

New IMF programme pivotal moment for Tonse Alliance

May 21, 2022
Family Table Talk

Historical lessons on the value of forgetting

May 21, 2022
My Diary

Politics of ‘kutola chikwama’

May 21, 2022
Bottom Up

Ukraine war: Sanctions backfire?

May 21, 2022

Trending Stories

  • CAF accepts FAM’s request on Flames fixture shift

    0 shares
    Share 0 Tweet 0
  • UN bets K66bn on LMC’s plan

    0 shares
    Share 0 Tweet 0
  • Laboratory scientists give government 14 day ultimatum

    0 shares
    Share 0 Tweet 0
  • No quick fixes to forex scarcity

    0 shares
    Share 0 Tweet 0
  • Nocma gets fuel supply assurance

    0 shares
    Share 0 Tweet 0

Malawi-Music.com Top10

  • 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.