This price increase is aimed at ensuring sufficient maize reserves for the country during lean periods, responding to current market dynamics.
On the source of resources to procure 200 000MT, Admarc Limited spokesperson Theresa Chapulapula said the funds will come from the Treasury.
Economists warn that rising maize prices threaten to drive inflation higher in an economy already strained by election-related spending.
The refinery, with a daily crushing capacity of 500 metric tonnes (MT) plans to purchase up soya beans from local producers.
Maize accounts for roughly 53% of Malawi’s Consumer Price Index (CPI), meaning that fluctuations in its supply significantly impact inflation and the broader economy.