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 whips errant growers

The Tobacco Commission has...

Grower licensing impressive

With two weeks to the close...

Licensed volumes treble

As the tobacco selling...

2024 selling season officially closes

The 2024 tobacco selling...

Third round of crop estimates survey results released

The third round of tobacco...

Statement on the confiscation of bales of nested tobacco

The Tobacco Commission would...

0 Comments

Submit a Comment

Your email address will not be published.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

Related Posts

2024 selling season officially closes

2024 selling season officially closes

The 2024 tobacco selling season officially closed on Friday with the sale of 1,238 bales at Mzuzu Selling Floors. President Dr Lazarus Chakwera opened the 2024 selling season at Chinkhoma Selling Floors in Kasungu on April 15. The just ended selling season ran for 16...

Third round of crop estimates survey results released

Third round of crop estimates survey results released

The third round of tobacco estimates survey conducted in June this year has revealed a 7% increase from last year’s tobacco production. A report released by the Tobacco Commission on 17th July shows that this year, Malawi has 129 million kilogrammes of tobacco. In...

Statement on the confiscation of bales of nested tobacco

Statement on the confiscation of bales of nested tobacco

The Tobacco Commission would like to address concerns about the confiscation of nested tobacco in the 2024 selling season. The Tobacco Industry Act (2024) defines nesting as ‘(a) the concealment of substandard tobacco within a bale; or (b)the concealment of stems,...