The International Food Policy Research Institute (Ifpri) says Malawian maize traders have started informally importing the staple grain from Mozambique to meet the local demand as the new maize on the local market is fast diminishing. Ifpri data shows that in the neighbouring Mozambique, a 50 kilogramme (kg) bag of maize is fetching between K12
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The Malawi Revenue Authority (MRA) has this week intercepted over 100 trucks in Karonga carrying farm produce for export without complying with new Customs and Excise Regulations (2023). The new regulations require traders to, among others, apply for fresh export licenses, export from registered customs warehouses, as well declare their exports on Reserve Bank of
Informal maize exports are on the rise triggered by high demand and prices of the staple grain in neighbouring countries, the Famine Early Warning Systems Network (FewsNet) has said. The increase in exports, according to FewsNet Malawi Food Security Outlook report covering February 2022 to January 2023, is exerting pressure on the country’s maize prices.
Ministry of Agriculture has raised farmgate prices for the 2022/23 produce marketing season with maize selling at K500 per kilogramme (kg) from K250 last season representing a 100 percent increase. In a statement yesterday, Ministry of Agriculture Principal Secretary Dick Kampani said polished rice will be selling at K1 000 per kg, soya beans at