64% of projected tobacco volume sold

By the end of week 9 of the current selling season, up to 64.2% of the projected 140 million kilogrammes of tobacco for the 2023/2024 season had been sold.

By Friday, June 14, volumes of tobacco sold hit 89,858,250 kilogrammes which generated $258,200,437. The crop was sold at an average price of $2.87/kg.

These are a remarkable increase from last year’s nine weeks of trading. By week nine of trading in 2023, only 73.1 million kilogrammes had been sold. This volume was sold at an average price of $2.28/kilogramme and generated $166.7 million.

The Tobacco Commission remains impressed with the progress of the selling season as there have been no market disruptions which is attributable to improved prices.

Tobacco trading for 2023 kicked off on April 15 when Malawi President Dr Lazarus McCarthy Chakwera opened the season at Chinkhoma Selling Floors in Kasungu district.

Commission, Police confiscate volumes of tobacco in illegal trade

The Tobacco Commission and...

Second survey on tobacco production rolls out

The second round of a...

Survey projects 21% increase in tobacco production

A report of the first round...

Industry winds up 2024 first round of crop estimates survey

The first round of the...

Survey reveals increased planned tobacco production

Tobacco Commission Chief...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Posts

Commission, Police confiscate volumes of tobacco in illegal trade

Commission, Police confiscate volumes of tobacco in illegal trade

The Tobacco Commission and the police in Mkanda in Mchinji district on Friday confiscated flu cured tobacco in a two-tonne truck suspected to have been on its way to Zambia. This follows the confiscation in Namitete of another two tonne truck with burley tobacco...

Second survey on tobacco production rolls out

Second survey on tobacco production rolls out

The second round of a nation-wide tobacco estimates survey for the 2023/2024 farming season rolled out on Monday, February 26, three weeks after the first round which showed a 21% increase in 2024 tobacco production as compared to that of 2023. Stakeholders will look...