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Malawi
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Malawi faces food crisis as maize prices soar
Economists warn that rising maize prices threaten to drive inflation higher in an economy already strained by election-related spending.
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Bakhresa launches US$100M cooking oil refinery in Malawi, targets 150,000MT soya market
The refinery, with a daily crushing capacity of 500 metric tonnes (MT) plans to purchase up soya beans from local producers.
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Malawi’s maize output falls 20% in five years amid alarming soil degradation
Maize accounts for roughly 53% of Malawi’s Consumer Price Index (CPI), meaning that fluctuations in its supply significantly impact inflation and the broader economy.
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Malawi faces soaring maize prices amid widening grain deficit
John Kapito, executive director of the Consumers Association of Malawi, warned that prices are likely to continue climbing as the country nears the lean season.
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Malawi’s maize prices plunge 19% offering economic relief to citizens
The price drop has been fueled by the influx of freshly harvested maize, with new stock entering the market at US$ 28.82 to US$ 34.58 per 50kg bag.