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Tobacco earnings hit K456bn, 85% leaf sold—report
['George Lumwira', 'Awistackyo Kabwinja', 'Wasili Gomani', 'William Nthala', 'Isaac Chikuniwenda Mtonga']
Nation Online
Tobacco sales in progress at Lilongwe Floors.
| NationBased on final production tobacco estimates of 154.9 million kg, it means about 24.7 million kg remains unsold.
The average price of $2 per kg does not reflect the cost of production and is demotivating to farmers.
Earlier, Tobacco Commission (TC) estimated that the country would produce 197 million kg of tobacco, raising fears of oversupply.
Last year, TC projected output at 174.4 million kg against buyers’ demand of 213 million kg, but actual output increased to 221 million kg.