Malawi losing K360bn rice export opportunities annually - The Nation Online: "YOU ARE HERE: Home → Malawi losing K360bn rice export opportunities annually
Malawi losing K360bn rice export opportunities annually
Andrew Nyondo June 11, 2018 0 Comments
Malawi is losing K360 billion (about $490 million) annually in foreign exchange earnings for failing to utilise export opportunities of over 800 000 tonnes of rice demanded globally.
This represents about 32 percent of the 2018/2019 National Budget, which stands at K1.5 trillion.
The loss covers budget estimates for top three priority ministries—of Agriculture, Irrigation and Water Development (K151.98 billion), Education, Science and Technology (K86.38 billion) and Health and Population (K75.15 billion)—which will get the budget’s lion’s share.
In an interview last week, African Institute for Corporate Citizenship (AICC) rice project manager Leonard Chimwaza said this is the case because farmers are not well organised.
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