Tobacco Sales March End
BLANTYRE: Malawi’s Tobacco Control Commission (TCC) says all is set for tobacco sales to commence by end March, four month after the last season closed.
TCC spokesperson Miss Juliana Chidumu confirmed to Zodiak Online on Thursday that, as usual, the season will begin with Kanengo auction floors in Lilongwe.
Last year, the country experienced a drop of over US$100 million, an equivalent of MK17 billion in tobacco sales, as compared to 2010.
High tobacco rejection rates, frequent market suspension and low prices characterized tobacco selling season last year in almost all auction floors.
Estimates so far show that Malawi will harvest about 80 million kilograms of tobacco this year, a drop from 237 million kilograms last year.
Tobacco Association of Malawi (TAMA) fears the low production will worsen economic crisis in Malawi. Low tobacco production automatically equally less foreign exchange that Malawi generates through tobacco sales, the country’s main export.
Nonetheless, TCC is upbeat the market will be better than last year. - Zodiak Online
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