ADMARC sets MK600 against maize’s farmgate price of MK500 per kg

BLANTYRE-(MaraviPost)-The Agriculture Development Marketing Corporation (ADMARC) on Wednesday, August 23, 2023 set new prices of maize to be sold at MK600 per kilogram against initial farmgate price of MK500 per kg.

This means 50kg of maize will be pegged at MK30,000 against MK25, 000.

The corporation has also set a buying limit of 25 kilograms of maize per individual in its depots that are expected to be opened today.

ADMARC Chief Executive Officer, Daniel Makata justified the move to restrict vendors from monopolizing the market.

Makata disclosed that the staple food will be available on Thursday in all strategic depots.

Barely three months after crop, harvest maize prices have soared hovering in the range of MK30,000 to MK50,000 per kg.

Lloyd M’bwana

I’m a Lilongwe University of Agriculture and Natural Resource (LUANAR)’s Environmental Science graduate (Malawi) and UK’s ICM Journalism and Media studies scholar. Also University of Malawi (UNIMA) Library Science Scholar. I have been The Malawi Country Manager and duty editor for the Maravi Post since 2019. My duty editor’s job is to ensure that the news is covered properly, that it is delivered on time, and that it is created to the standards set out in the editorial guidelines of the Maravi Post.