05:28 am - Wednesday 21 November 2018

Tea Industry surprised by President Banda

By Amalawi - Mon May 20, 6:19 pm

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Blantyre, Malawi: Clement Thindwa the chief executive of The Tea Association of Malawi (Taml), a grouping of large tea estates, says it is surprised but not alarmed with the announcement by President Joyce Banda that government will establish the ‘first ever’ tea auction floor in Malawi this year.

In her State of the Nation Address on Friday at Parliament in the capital, Lilongwe, Banda said this will allow tea to be auctioned in the country before being exported. Furthermore, Malawi will be able to overcome the foreign exchange lean period experienced between October and March said the President.

Tea Estates in Thyolo

Tea Estates in Thyolo

But Clement Thindwa, said as far as they are concerned, they have had a local Limbe Tea Auction running for more than 15 years.

Thindwa said if Malawi Government wishes to set up a second local market, the industry has no qualms about it, adding that they believe in a liberalized and competitive market economy with more players.

If anything, the tea industry made a proactive initiative through the Ministry of Industry and Trade, Reserve Bank of Malawi and the Ministry of Agriculture through a task force so that we have more players in the industry’s trade he said.

In her address, Banda said one of government’s significant achievements will be to intensify the production and diversification of cash crops that have a bearing on the exports.

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