Tuesday, December 6Malawi's top news source
Shadow

Fuel Hike To AAffect Tobacco Market

Share news to your friends

Local tobacco producers are expressing fear that this year’s tobacco market will be affected by the recent fuel price hike.

The upward adjustment at the weekend has already triggered an increase in public transport fares amid fears that the same will happen to basic consumer goods and services.

However the development has come at a time farmers are still ferrying their leaf to the auction floors.

Already, farmers are complaining of poor prices on the table, two weeks into the market season.

Chief Executive Officer of TAMA Farmers Trust, Nixon Lita, is hoping for improved prices at the market to cushion them from the possible high transport cost emanating from the recent fuel hike.

Lita adds that transporters will likely push up their prices hence putting a strain on expected farmer profits.

Related News
Felix Chitera Head of Alternate Channels

Felix is the Head of Channels at MyBucks since April, 2020. He is responsible for the digital channels and agency Read more

Chitera appointed Acting MD for FDH Bank

Chitera appointed Acting MD for FDH BankChitera appointed Acting MD for FDH BankAfrica-Press – Malawi. The Board of Directors of Read more

Katsonga Launch Pyxus Agriculture Limited Groundnut Processing Plant

Minister of Trade and Industry Mark Katsonga Phiri says the launch of the Pyxus Agriculture Limited Groundnut Processing Plant will Read more

Airtel sells its towers in Malawi for over K45 billion

Airtel Africa has sold its 723 towers in Malawi to Helios Towers, an independent telecommunications infrastructure company, for US$55 million Read more

AHL To Sell 30% Foreign Exchange To RBM

Reserve Bank of Malawi has ordered Auction Holdings Limited to begin a mandatory sale of 30 percent of it's foreign Read more

Airtel Malawi’s Telecommunications Tower Sold To London-based Helios Towers Plc

The sale of Airtel Malawi’s telecommunications tower to London-based Helios Towers plc will help Airtel to improve and strengthen its Read more

Banki Mkhonde women trained in business management

A Mchinji based organization, Girls Activist Youth Organization (GAYO) has trained village savings loan groups locally known as Banki Mkhonde Read more

Forex Shortage Hit Airline Business Operations

Malawi’s forex shortage is threatening operations in the airline business, creating uncertainty on the future of the industry, Business News Read more

Leave a Reply

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