3.3 million kgs of Tobacco sold through Limbe Auction Floors

Blantyre, Approximately 3.3 million kilograms of Tobacco have been sold at Limbe Auction Floors four weeks into the tobacco selling season, bringing in a about US5.2 million.

Speaking in an interview with the Malawi New Agency (MANA) on Tuesday, Regional Manager for Tobacco Control Commission (TCC) Willard Singo said that this has been possible because this year, they have tried to match with demand and supply.

Even the quality of tobacco this year is much better as compared to last year and this is contributing much to the rise of prices every week, Singo said.

According to Singo, the average price of tobacco in the first week this year was at US1.26 dollar, followed by US1.29 dollar, US1.36 dollar, US1.43 dollar in the second, third and fourth weeks respectively.

According to Singo, prices are better this year compared to last year where prices were less than a dollar in the first week unlike this year.

In order to ensure higher quality of tobacco, we have involved companies such as Limbe leaf and Alliance Limited among others to help us in terms of grading, he said.

However he also said that they are encountering a number of challenges in terms of the farmers mixing their tobacco with other unnecessary materials such as plastics which results to tobacco fetching lower prices.

Singo said apart from involving other companies to help them improve the quality of tobacco, they are also advising tobacco growers to grow a crop which they can properly manage.

Source: Malawi News Agency MANA