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Gambia needs 96,000 metric tonnes of Malawi rice per year

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Expectations are high that Malawi will maximise export earnings from rice following the discovery of a market for the commodity in the Gambia.

A statement published by the Malawi Investment and Trade Centre (MITC) indicates that talks are advancing with firms from the country, which have shown interest in procuring 96,000 metric tonnes of the commodity annually.

This follows a virtual business meeting held recently between Malawi’s private sector and buyers from Gambia.

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According to the statement, Sulayman Cham, a finance and economic affairs specialist and owner of Niro Company Ltd in Gambia, said they are ready to start importing rice from Malawi.

“Gambia requires 96,000 metric tonnes of rice per year based on its relatively low population. So, we are ready to start importing that from Malawi and we are mostly interested in buying 100 percent broken rice of any variety from Malawi because that is what is on demand.’ Cham said.

MITC Chief Executive Officer Paul Kwengwere has since encouraged local exporters to explore the opportunity.

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“This is a great opportunity for those that are into rice production. As a trade facilitation agency, we are more than ready to facilitate deals of those that might be interested in exploring this opportunity in Gambia,’ Kwengwere said.

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