Monday, April 12, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Malawi to use AHCX to buy maize

by Christopher Jimu
20/07/2018
in Business News, Front Page
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Malawi will this year use the AHL Commodities Exchange (AHCX) to purchase maize from farmers to beat challenges that were faced last year.

Officials from the State grain reserve, National Food Reserve Agency (NFRA) and AHCX told the media in Lilongwe on Wednesday that AHCX has been contracted by the National Food Reserve Agency (NFRA) to procure 32 000 metric tonnes of white non-GMO maize.

RelatedHeadlines

Icam, MIM unveil post-graduate course in finance

HRDC ponders mass action

Malawi Airlines faces liquidation

 

AHCX | The Nation Online
The base of AHCX in Lilongwe

In an interview, Treasury spokesperson Davis Sado confirmed that government has released K10 billion for the purchase of the commodity of which NFRA received K5 billion while State grain trader, the Agriculture Development Marketing Corporation (Admarc) got K5 billion.

Over the years, there have been concerns by farmers that the delays by NFRA to procure maize result in increased post-harvest losses. Farmers also fear that unscrupulous commodity vendors take advantage of the delays by offering farmers poor prices.

To solve the challenges, this year, government has directed the AHCX—which provides an organised market system through which a warehouse receipt system enables farmers to access quick cash while waiting for prices to improve—to purchase the maize on behalf of NFRA.

NFRA chief executive officer Nasinuku Saukira said his agency was currently looking for warehouses in Blantyre or Limbe, Mzimba, Mzuzu and Kanengo in Lilongwe to accommodate the maize.

“There had been concerns that we are delaying to start purchasing maize but [currently] we were looking for warehouses. The warehouses we are looking for must be those with a capacity to hold 5 000 metric tonnes [MT] and should be in very good condition. They must also have a weigh bridge. Once the exercise [to find warehouses] is completed we will start purchasing maize as soon as next week,” he said.

Saukira said they will initially purchase 32 000MT of maize but the figure might change according to supply and availability of funds.

On his part, AHCX research and communications manager Mark Ndipita, said  maize will be procured from both smallholder farmers and traders at a fixed price of K150 per kilogramme (kg) including withholding tax.

He said traders can start submitting written expressions of interest to AHCX to supply a minimum of 30 metric tonnes and a maximum of 500 metric tonnes.

“AHCX has put in place mechanisms to ensure that there is independence, fairness, accountability and objectivity in the procurement of maize for the strategic grain reserve [SGR].

“AHCX has engaged the services of an Independent Procurement Committee [IPC] comprising various strategic stakeholders among them Anti-Corruption Bureau [ACB] for the oversight role, private sector representatives, and an independent audit firm to evaluate all submissions and recommend award of contracts,” Ndipita said.

Ndipita said AHCX is prepared to implement an efficient payment system that guarantees timely payments to suppliers.

“Payments for all delivered maize will be made within five working days after delivery through their registered bank accounts.”

Avatar
Christopher Jimu
Previous Post

Masm defends monthly contribution increase

Next Post

U-17 lose to Angola in their first Cosafa match

Related Posts

Gondwe (L) exchanges the MOU with Phiri
Business News

Icam, MIM unveil post-graduate course in finance

April 11, 2021
One of HRDC-organised demonstrations which led to
the fall of the Democratic Progressive Party
National News

HRDC ponders mass action

April 11, 2021
Malawi Airlines is yet to post a profit since it took to the skies
National News

Malawi Airlines faces liquidation

April 10, 2021
Next Post
Chatama: It was satisfactory

U-17 lose to Angola in their first Cosafa match

Opinions and Columns

Political Uncensored

Managing the dream

April 11, 2021
My Thought

Malawi needs fixing, not politicking

April 11, 2021
People’s Tribunal

Don’t intimidate Nyasaland Union of Teachers

April 11, 2021
Emily Mkamanga

Longevity in power no solution

April 11, 2021
https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf

Trending Stories

  • Malawi Airlines is yet to post a profit since it took to the skies

    Malawi Airlines faces liquidation

    0 shares
    Share 0 Tweet 0
  • MHC houses risk demolition

    0 shares
    Share 0 Tweet 0
  • Shareholders, Airtel tussle in court

    0 shares
    Share 0 Tweet 0
  • MLS wants APM, Muhara property seized

    0 shares
    Share 0 Tweet 0
  • Industrial disputes choke IRC

    0 shares
    Share 0 Tweet 0
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 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
  • Opinion
  • 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.