Thursday, August 11News That Matters

Tobacco Rakes In K170 Billion Sales

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The 2022 tobacco marketing season has raked in about K170 billion as of 15 July.

Tobacco Commission (TC) Spokesperson, Telephorus Chigwenembe, said this year farmers have enjoyed good prices despite the volumes of tobacco being low.

“This year the average price has been on the higher side than it was during the last selling season,” added Chigwenembe.

The TC has since described this season as a success as farmers have enjoyed good prices from the onset of the market.

Meanwhile, TC has disclosed that this year’s tobacco marketing season will close on 12th August.

“Chinkhoma Auction Floors in Lilongwe and Limbe will close on 5 August while Mzuzu will end the season on 12 August,” said Chigwenembe

According to Chigwenembe, Mzuzu will be the last to close because there are still significant volumes of tobacco flowing to the floors.

Records indicate that Malawi raked in K160 billion during last year’s tobacco marketing season.

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