Some ADMARC depots in the southern region where the leading grain marketer has started buying maize have run out of cash for maize purchasing forcing some farmers to return home with their produce.
The Cotton Council of Malawi (CCM) has given licenses to two cotton companies to start buying cotton amid growing reports that ADMARC is overwhelmed by cotton which has flooded the market.
The Democratic Progressive Party's Member of Parliament for Blantyre Rural East, Susan Ndalama, took advantage of Agricultural Development and Marketing Corporation (ADMARC)’s Tree Planting Day in Blantyre Thursday to lambast ADMARC officers for selling maize to vendors.
Board chairperson at the country’s grain market, Admarc, Felix Jumbe, has been appointed Chief Executive Officer of the parastatal replacing Margaret Roka Mauwa with immediate effect.
Agricultural Development and Marketing Corporation (ADMARC) says it is waiting for the Ministry of Agriculture, Irrigation and Water Development to announce the date to start selling maize.
It has transpired that 7 thousand metric tons of maize which ADMARC purchased within the country in 2015 has rotten in its reserves.