AMTA buys grain worth over N$40m from local farmers

16 May 2018 14:10pm

The Afro-Marketing and Trade Agency (AMTA) has purchased N$43 million worth of grain from local farmers during the ended financial year.

AMTA has engaged local producers to sell their products directly or through agent’s to AMTA  since its inception to empower and encourage them to sell their products locally and, the managing director of AMTA, Lugameni Lucas, has announced during the formalisation visit of the agriculture minister to AMTA in the capital yesterday.

“Local producers have reacted positive towards AMTA efforts to get them as board as stakeholders. Produces are now selling their products and they make profit like any other business does and this is one of the greatest achievements of AMTA,” he said.

He added that some local producers have expanded their produce due to market related prices AMTA is offering.

About 4 247 surplus producers have benefited from selling grain to number in the same financial year.

Lucas also said that currently there is about 10 940 stock valued at N$55 million in the National Strategic Food Reserves (NSFR).

“The key role of NSFR is to ensure grain storage, packing, sorting and grading. It is also to assist the government to ensure food availability in response to food shortage in the country during drought, disasters and other emergencies and to ensure national food security,” he said.

During the 2017/18 financial year AMTAs, National Fresh Produce Business Hubs (NFPBH) have traded 3 671 metric tons valued at N$ 30 630 011.65 and about 477 local producers have benefited.

“There are currently seven marketing agents at the hubs. AMTAs aim is to N$ 30 million revolving fund to purchase fresh produce from farmers. Implementation of Cabinet Directive to OMAs on fresh produce procurement, hence ensure market access for farmers, and also achieve financial sustainability,” he said.