According to Xinhua News Agency, as of May 17th, within a period of four weeks ending on May 10th, Malawi's tobacco sales revenue reached 81.2 million US dollars, an increase of 83.3% compared to the same period last year.
The Tobacco Commission estimates that tobacco growers will sell 140 million kilograms of tobacco to the market this year, an increase of 17% from the production of approximately 125 million kilograms last year. Regulatory authorities have reported that since the market opened in April, 30 million kilograms have already been sold, a 47.5% increase from the same period last year.
The committee stated, "Seasonal average prices have also increased by 28% to $2.70 per kilogram, compared to $2.11 per kilogram last year.
According to the Malawi National Statistical Office, Malawi's total export value in 2023 was $1.1 billion, with tobacco exports accounting for $389 million.
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