{"id":23344,"date":"2022-05-22T18:00:34","date_gmt":"2022-05-22T18:00:34","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco"},"modified":"2022-05-22T18:35:09","modified_gmt":"2022-05-22T18:35:09","slug":"malawi-makes-us26-million-from-13m-kgs-of-tobacco","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco","title":{"rendered":"Malawi makes US$26 million from 13m Kgs of tobacco"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Malawi has sold 13 million kilograms (Kgs) of tobacco, generating over twenty-six million United States dollars (USD26 million; about K21 billion) during the ongoing tobacco sales at the country\u2019s four tobacco floors.<\/p>\n

Despite having some challenges which have led to low volumes of tobacco this year, the Tobacco Commission (TC) has described the current situation in tobacco markets as promising as the product is said to be bought above the prescribed prices.<\/p>\n

This is according to TC\u2019s Chief Executive Officer Dr Joseph Chidanti Malunga who was speaking during a press briefing on Friday, May 20, 2022 in Blantyre where he was updating the nation about this year\u2019s tobacco auction season.<\/p>\n

The CEO further told journalists that the most exciting news is that a lot of tobacco which was expected to be bought at minimum prices, is currently being bought above the mark which he said will see growers breathing a sigh of relief.<\/p>\n

\u201cFor illustration purposes, burley tobacco grades of NG (non-descript) that would ordinarily be bought at the government\u2019s set minimum price of 95 cents because reflecting on its quality, had been bought at a price as high as $1.76 which is 85% higher than the set minimum price.<\/p>\n

\u201cAs of 18th May, the average price of the leaf was two dollars and four cents (US$2.04) per kilogram. We anticipate that we can get even better prices but these are positive developments on the market,\u201d said Chidanti Malunga.<\/p>\n

Dr Chidanti Malunga further indicated that this year the commission will only manage to sell at least 100 million kilograms of the product against the required 161 million kilograms which he attributed to change of rainfall patterns.<\/p>\n

However, the CEO indicated that despite the low volumes of tobacco this year, there is the possibility of generating more income at the end of marketing season claiming the low volumes have put buyers under panic.<\/p>\n

He further commended farmers for quality grading of the crop this year which he said has resulted into low rejection of the leaf in all the markets which he said will definitely increase the incomes as well.<\/p>\n

\u201cEven the rejection rate has tremendously reduced and in some cases, we don\u2019t even have rejection. I went to Mzuzu the other time Chinkhoma, there was no rejection at a particular point. So, this is exciting not just to the commission but the growers as well,\u201d he added.<\/p>\n

Meanwhile, the commission says as one way of improving productions in the next farming season, there will be early registration of growers slated for June this year which will give growers ample time to mobilize resources and pay for their licenses in good time.<\/p>\n

In the next growing season, the commission will not restrict farmers on production volumes to a rigid figure and instead it will allow for production plans as indicated by growers, based on the size of the land earmarked for the farming.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Malawi has sold 13 million kilograms (Kgs) of tobacco, generating over twenty-six million United States dollars (USD26 million; about K21 billion) during the ongoing tobacco sales at the country\u2019s four tobacco floors. Despite having some challenges which have led to low volumes of tobacco this year, the Tobacco Commission (TC) has described […]<\/p>\n","protected":false},"author":84,"featured_media":23343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,4321,3390,234,348,1147],"class_list":["post-23344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-forex","tag-joseph-chidanti-malunga","tag-malawi","tag-tobacco","tag-tobacco-commission"],"yoast_head":"\nMalawi makes US$26 million from 13m Kgs of tobacco - Malawi<\/title>\n<meta name=\"description\" content=\"Malawi has sold 13 million kilograms (Kgs) of tobacco, generating over twenty-six million United States dollars (USD26 m ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malawi makes US$26 million from 13m Kgs of tobacco\" \/>\n<meta property=\"og:description\" content=\"Malawi has sold 13 million kilograms (Kgs) of tobacco, generating over twenty-six million United States dollars (USD26 m ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-22T18:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-22T18:35:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/05\/img-628a82312e65c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"453\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Malawi makes US$26 million from 13m Kgs of tobacco\",\"datePublished\":\"2022-05-22T18:00:34+00:00\",\"dateModified\":\"2022-05-22T18:35:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco\"},\"wordCount\":500,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/05\/img-628a82312e65c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"forex\",\"Joseph Chidanti Malunga\",\"Malawi\",\"tobacco\",\"Tobacco Commission\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-makes-us26-million-from-13m-kgs-of-tobacco\",\"name\":\"Malawi makes US$26 million from 13m Kgs of tobacco - 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