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.

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