Malawis prominent agriculture player Paramount Holdings Limited (PHL) has achieved a significant milestone by exporting 240 tons of soya beans to China. This marks the first large-scale export of Malawian soya beans to China, demonstrating the country’s potential to expand its agricultural exports. The Ministry of Agriculture recently selected PHL as one of the buyers of soya beans from mega farms farmers initiatives, leading to this successful export.
The Malawi Investment and Trade Centre (MITC) commended PHL for breaking market barriers with this export, highlighting the importance of testing the Chinese market for Malawian agricultural products. Collaborative efforts between MITC, Paramount Holdings, the Malawi Embassy in China, and Chinese authorities facilitated the export of 240 tons of soya beans to China. This achievement is expected to generate much-needed foreign exchange for Malawi’s economy.
Executive Director of Paramount Holdings, Prakash Virji Ghedia, expressed excitement over the breakthrough in accessing potential markets for Malawian produce. The company’s modern infrastructure and processing facilities in Lilongwe played a crucial role in securing the opportunity to export soya beans to China. While celebrating this success, agriculture expert Tamani Nkhono Mvula emphasized the need for Malawi to increase production to meet the growing global demand for soya beans.
The export of soya beans to China represents a significant opportunity for Malawi to capitalize on its agricultural potential and strengthen its economy. With a projected production of 235,487 tons of soya beans for the upcoming growing season, Malawi is poised to make further strides in the international agricultural market. The successful export to China underscores the importance of government support in linking local farmers with potential markets and intensifying cash crops production to meet global demands.