Cotton farmers plan to produce 50 000MT – The Nation Online

Cotton farmers plan to produce 50 000MT – The Nation Online: Cotton farmers target to produce 50 000 metric tonnes (MT) of the crop in the 2019/20 growing season, a jump from last year’s 7 000MT.

The sector could generate K2 billion

Green belt authority Unveils k6bn project – The Nation Online

Green belt authority Unveils k6bn project – The Nation Online: The Malawi Government, through the Green Belt Authority (GBA), has invested $8 million (about K6 billion) in Intensive Vegetable Farming Project in Lumbadzi, Lilongwe to take advantage of the local and export market.

GBA chief executive officer Henri Njoloma said in an interview on Tuesday in Blantyre that the vegetable project or greenhouse project, is a joint venture (JV) partnership with an Israeli-based Inosselia Commercial Limited, a subsidiary of Inosselia Investment Group, which is a global, progressive conglomerate of companies with a cross sector industry portfolio.

New soybean variety set for release in December - The Times Group Malawi

New soybean variety set for release in December - The Times Group Malawi: Chitedze Research Station has unveiled plans to release a new soybean variety that will enable farmers realise bumper yield.

The new variety is said to be tolerant to harsh weather conditions.

Chitedze Research Station Legume Specialist, Florence Ngwira said the new seed, TGX1991 22F, is early maturing.

Nandolo prices seen picking up - The Times Group Malawi

Nandolo prices seen picking up - The Times Group Malawi: Prices for pigeon peas have gone up by an average of 180 percent in recent weeks to K280 per kilogramme (kg), figures from the Nandolo Farmers Association of Malawi (NFAM), an umbrella body of the commodity’s growers in the country, has shown.

In a response to an emailed questionnaire, NFAM President, Susan Chimbayo, attributed the price rise to removal of a provisional quota for importation of the commodity by the Indian government from June this year.

Malawi overproduces tobacco by 43.8 million kilogrammes - The Times Group Malawi

Malawi overproduces tobacco by 43.8 million kilogrammes - The Times Group Malawi: This year’s tobacco production has exceeded demand by 43.82 million kilogrammes (kgs), the Tobacco Commission (TC) said on Wednesday.

Briefing journalists in Lilongwe, TC Chief Executive Officer, Kaisi Sadala, said third round of crop estimates has revealed that the country has produced 193.4 million kgs against a demand of 149.56 million kgs.

Sadala said overproduction of the crop could provide buyers some room to negotiate for lower prices which could affect the growers in the long run.

Is Malawi cotton on road to Burkina Faso? – The Nation Online

Is Malawi cotton on road to Burkina Faso? – The Nation Online: Is Malawi cotton on road to Burkina Faso?
Johnny Kasalika August 10, 2019 0 Comments
Malawi’s cotton once rose to a record production of 100 000 metric tonnes (MT) per year some seven years ago. But with a growing demand for the crop, the country’s production has dwindled ten-fold from where it was in 2012.� With new varieties of biotechnology (Bt) cotton seeds due for release this November for commercial cultivation, Malawi has a chance to go back to glorious days of bumper yields, only if government does what is right.� Our news Analyst SUZGO CHITETE writes

Firms pressure government to restrict oil seed exports - The Times Group Malawi

Firms pressure government to restrict oil seed exports - The Times Group Malawi: he country’s major oil seed producers have been pushing the government to put a restriction on the exports of oilseed, especially soya, in an attempt to keep prices down, Times Business has established.

Among other things, the firms are said to be pushing for the imposition of $100 per tonne levy on soya bean exports so that domestic prices fall.

But the move has attracted the wrath of agriculture stakeholders who have described the move as retrogressive and in conflict with the principles of Control of Goods Act.

Tobacco rakes in $77.3 million | The Times Group

Tobacco rakes in $77.3 million | The Times Group: Earnings from tobacco, Malawi’s major forex earner, have reached $77,324,088.13 (about K58 billion), figures from regulator, Tobacco Commission (TC) show.

The revenue has been generated from sales of 54,389,889 kilogrammes (kg) of all types of tobacco within eight weeks.

Illovo makes K8.1bn profit in six months - The Nation Online

Illovo makes K8.1bn profit in six months - The Nation Online: Malawi) plc has reported a jump in profit to K8.1 billion in the six months ended February 28 2019 from K7 billion despite a drop in revenue.

Extracts from unaudited financial statements published yesterday show that revenue for the Malawi Stock Exchange (MSE)-listed sugar manufacturer dropped by K3.8 billion to K62.4 billion from K66.2 billion during the same period last year.

Malawi President Mutharika stops tobacco companies from� growing crop - The Maravi Post

Malawi President Mutharika stops tobacco companies from� growing crop - The Maravi Post: By Vincent Khonje

Companies that buy tobacco� will no longer be allowed to grow the cash crop from the� next growing season, President Peter Mutharika said on Saturday.

Mutharika brought the� good news to tobacco farmers on his whistle stop tour to the North.

World Bank to help Malawi commercialise agriculture - The Nation Online

World Bank to help Malawi commercialise agriculture - The Nation Online: World Bank to help Malawi commercialise agriculture
Nation Online April 23, 2019 0 Comments
Ministry of Agriculture, Irrigation and Water Development says the K61 billion loan secured from the World Bank to finance Agricultural Commercialisation (Agcom) will help to commercialise the sector.

Speaking last Thursday in Salima on the sidelines of a stakeholders sensitisation meeting, the ministry’s director of planning and development Alex Namaona said the five-year Agcom is backbone for wealth creation.

Malawi 2018/19 maize output up 24 pct, minimal effect from cyclone Idai- minister

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BLANTYRE, April 9 (Reuters) - Malawi's maize output increased by just over 24 percent in the 2018/19 farming year so far, boosted by favourable weather conditions and government subsidies, the agriculture minister said on Tuesday.

Production rose to 3.355 million metric tonnes from 2.697 million metric tonnes in the 2017/18 farming season, according to the second round of the 2018/19 Agricultural Production Estimate Survey (APES), Joseph Mwanamvekha, minister of Agriculture, Irrigation and Water Development said.

In February, the government had estimated production of 3.387 million metric tonnes in the 2018/19 season which ends in May.

Admarc invests K800m in cotton production - The Nation Online

Admarc invests K800m in cotton production - The Nation Online: State produce trader Agricultural Development and Marketing Corporation (Admarc) has invested about K800 million in cotton irrigation farming in Chikwawa to increase output and boost the cotton industry.

Production of cotton, Malawi’s number four foreign exchange earner after tobacco, tea and sugar, has over the years been decreasing due to what experts say is lack of sustainable input supply system arising from lack of financial support to farmers due to loan defaults.

Salima Sugar Company output to rise 185% - The Nation Online

Salima Sugar Company output to rise 185% - The Nation Online: Salima Sugar Company output is expected to jump by 185 percent to 100 000 metric tonnes (MT) this year from last year’s 35 000 MT, an official has said.

In an interview on Friday, the firm’s chairperson Shirieesh Betgiri attributed the anticipated increased output to good weather and increased hectarage for sugarcane.

Malawi tobacco rakes in US$271 million | Malawi Nyasa Times - Malawi breaking news in Malawi

Malawi tobacco rakes in US$271 million | Malawi Nyasa Times - Malawi breaking news in Malawi



Malawi tobacco rakes in US$271 million
August 2, 2018 Nyasa Times Reporter 3 Comments
Tobacco, the country's green gold, has raked in US$271 million, US$60 million more than last year at the same
tobacco markets, same time.

Tobacco Earns K159 bn in 13 Weeks

Tobacco Earns K159 bn in 13 Weeks: The country has earned US$219 million, roughly K159 billion, from tobacco sales, the main cash crop, in thirteen weeks, a Tobacco Control Commission (TCC) official has confirmed.

Southern region manager Willard Singo told Zodiak the money has been realized after selling over 126 million kilograms of the green gold in all five tobacco auction flours across Malawi.

“We are impressed with how the market is progressing in spite of few challenges, but this year we have seen a great improvement,” said Singo.

Singo says at least 55 million kilograms of tobacco have been sold through Kanengo Auction Flours in Lilongwe and a total of US$96 million, roughly K70 billion, has been earned.

K3bn loan to boost macadamia, coffee production - The Nation Online

K3bn loan to boost macadamia, coffee production - The Nation Online: K3bn loan to boost macadamia, coffee production
Moses Michael-Phiri July 7, 2018 0 Comments
The International Finance Corporation (IFC), a member of the World Bank Group, and the Global Agriculture and Food Security Programme (Gafsp) on Thursday announced a $4 million (about K3 billion) loan to support macadamia and coffee production in the country.

In a statement released on Thursday, IFC said the financing will benefit local farmers in Malawi by boosting production and exports of fair-trade certified macadamia and coffee.

High demand for Malawi’s legumes - The Nation Online

High demand for Malawi’s legumes - The Nation Online: "High demand for Malawi’s legumes
Grace Phiri June 2, 2018 0 Comments
The AHL Commodity Exchange Limited (AHCX) says there is high demand for Malawi’s soya, groundnuts and sugar beans on the international market with buyers offering competitive prices on offer.

AHCX communications manager Thom Khanje said in an interview that there are a lot of open export opportunities in South Africa, Botswana, Zimbabwe, Kenya as well as in India and China."



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Tobacco earnings hit $79 million | The Times Group

Tobacco earnings hit $79 million | The Times Group: "Tobacco earnings hit $79 million
Posted By: Chimwemwe Mangazion: May 22, 2018In: BusinessNo Comments
The country’s green gold, tobacco, has earned $78.9 million, since the tobacco marketing season opened six weeks ago.

According to AHL Group statistics, the country has sold 49,739,858 kilogrammes (kg) of tobacco, at an average price of $1.59 per kg.

Commenting on the sales, AHL Group Corporate Affairs Manager, Mark Ndipita, said even though some of the tobacco is being rejected, the levels are not alarming.

He said the rejection rate is recorded at 23 percent."



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Tobacco earnings hit $79 million | The Times Group

Tobacco earnings hit $79 million | The Times Group: "Tobacco earnings hit $79 million
Posted By: Chimwemwe Mangazion: May 22, 2018In: BusinessNo Comments
The country’s green gold, tobacco, has earned $78.9 million, since the tobacco marketing season opened six weeks ago.

According to AHL Group statistics, the country has sold 49,739,858 kilogrammes (kg) of tobacco, at an average price of $1.59 per kg.

Commenting on the sales, AHL Group Corporate Affairs Manager, Mark Ndipita, said even though some of the tobacco is being rejected, the levels are not alarming."



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