The Cotton Council of Malawi (CCM) has indicated that two companies are ready to start buying cotton.
The Council’s Executive Director, Cosmas Luwanda said hat the companies that have been given licenses are Friesian and Malawi Cotton Company.
Luwanda then called on farmers to hoard their cotton so as to sell it at better prices later.
“With the two companies around, we are hopeful that the market will stabilize with farmers fetching higher prices,” he said.
His sentiments come when the sole buyer, Agricultural Development and Marketing Corporation (ADMARC), is overwhelmed by cotton.