Malawi launches soybean exports to China

Published 2024년 5월 6일

Tridge summary

Malawi's soya industry has made its way into the Chinese market with a successful export of a 240 metric ton trial consignment by local company, Paramount Holdings Limited. The consignment was approved by Chinese authorities, marking a significant achievement in boosting Malawi's agricultural exports. This success is a result of collaborative efforts by various stakeholders, including government agencies, private enterprises, and Chinese representatives. Paramount Holdings is planning to export 20,000 metric tons of soybeans, following the positive trial, as the Chinese market requires 100,000 metric tons. The exports are subject to waivers that will be granted by the Ministry of Trade and Industry and the Ministry of Agriculture. The government has signed protocols for the export of various commodities, including soybeans, macadamia nuts, dry chillies, and negotiations are underway for tobacco, tea, and ornamental fish, aiming to diversify the country's export base, currently dominated by tobacco.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A woman washes kitchen utensils at the lakeshore of Lake Malawi in Mangochi, Malawi, on April 21, 2024. [Photo/Xinhua] Malawi's soya industry has made a breakthrough into Chinese market as the southern African country seeks to increase agricultural exports to boost the economy. Malawi Investment and Trade Center Chief Executive Officer, Paul Kwengwere, confirmed to local media Friday that a 240 metric tons trial consignment by Paramount Holdings Limited, a local company, was successfully exported and approved by Chinese authorities. He further said this is a culmination of efforts by various stakeholders, including government agencies, private enterprises, and Chinese representatives. Paramount Holdings Limited Managing Director Mahesh Ghedhia told the local media his company emerged successful out of the companies that went through accreditation process by the Chinese authorities to ascertain quality of the produce before it was shipped to China. He further said the successful ...

Source: China