Africa-Press – Malawi. The Agricultural Development and Marketing Corporation (Admarc) has disclosed that it has purchased 19,000 metric tonnes (mt) of farm produce since the onset of the 2025 season.
Admarc Chief Executive Officer (CEO) Daniel Makata disclosed this in a statement, in which he also disputed reports that the State-owned grain trader has ceased operations due to financial constraints.
“Admarc is buying maize and various agricultural produce in all Admarc commercial markets nationwide. As of today, we have procured over 19,000 metric tonnes of various commodities, a testament of the company’s resolve to ensure food availability and price stabilisation for Malawians,” Makata said.
The CEO added that Admarc had acquired dryers to enable it to buy produce with high moisture content, thereby enabling earlier market presence, reducing post-harvest losses and improving food quality.
Makata added that Admarc was in the final stages of launching locally processed maize flour.
Last month, Admarc spokesperson Theresa Chapulapula was quoted as saying that, by then, they had purchased 3,100mt of maize against a targeted quantity of 20,000mt.
In March this year, Makata disclosed that they had gotten an authorisation from the government to borrow about K95 billion from commercial banks for the purchase of farm produce.
Admarc was allocated K20 billion in the 2025-26 national budget.
“We, as a government entity, need consent when we are borrowing. As such, the government has given us a go-ahead to buy more commodities. We have identified markets for the produce and that needs more resources which cannot be allocated in a fiscal budget. That is why the government has allowed us to borrow [money] so that we can buy, sell the commodities and repay the loans,” he said.
He added that they planned to go into the market as soon as possible where they would like to purchase maize, rice, beans and pigeon peas.
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