Cotton Council Licenses 2 Companies
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 Council’s Executive Director, Cosmas Lwanda, told Zodiak on Thursday that ADMARC is currently struggling to buy cotton it is receiving from farmers as the company is still mobilizing financial resources for the exercise.
He said this year farmers in the country expect to sell over 40, 000 metric tonnes of cotton which ADMARC alone cannot manage to buy.
"We hope the situation will improve once the two companies begin buying cotton since they were in doubts to buy cotton because of the COVID 19 which has hit the global market," said Lwanda.
He was speaking this after the Council donated sanitary supplies to protect health workers at Dolo Health Centre on grounds that most of those people surrounding the hospital are cotton farmers.
A visit to some ADMARC depots including Dolo and Nsangwe revealed that farmers are sleeping at the depots waiting for cash from ADMARC to sell their cotton.
Bozex Thomas from Lombe village in Masache area has told Zodiak that he spent a night at Dolo depot on Wednesday enduring the cold weather to guard his cotton from being stolen.
"We ask authorities to assist us, we are really suffering," complained Thomas