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.

Print Friendly, PDF & Email

Related posts

COFO donates medical supplies to Chikwawa District Hospital

MBC Online

‘Models are misunderstood’

Paul Mlowoka

President Chakwera akhala nawo pamwambo wa mapemphero

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