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The Malawi Experience 2001-3

2. Food Reserves – the background
 
  • ADMARC parastatal (or parasital?) > 25yrs old, inefficient, political tool, excessive (Ѕmt) storage facilities (costs), unable to manage markets or prices, slowly privatising


  • NFRA set up 1999 to manage SGR of 60kt (= 2 months sales) + cash reserve for 30kt


  • Private sector storage small, not increasing due to high interest rates, MG market interventions, etc
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