Malawi Broadcasting Corporation
Business Local News

Tobacco rakes in $53.7 million

Malawi has realised $53.7 million (about K94 billion) from three weeks of tobacco sales, an increase from the $28.3 million (K49.5 billion) generated during the same period last year, figures from AHL tobacco sales show.

The foreign exchange has been generated after farmers traded 203,311 bales of the leaf weighing 20.1 million kilogrammes.

According to the figures, the average price in the three weeks is at $2.67 (K4,675).

Tobacco remains Malawi’s main foreign exchange earner.

Related posts

UNDP, MEC, stakeholders validate Electoral Dispute Resolution framework

Rabson Kondowe

AG obtains stay order on Kalumo’s nullified appointment

Romeo Umali

TNM contributes K3.5 million to MEI conference

MBC Online
error: All Content is protected. Copyright © 2022. Malawi Broadcasting Corporation. All Right Reserved.