Figures from the Tobacco Commission (TC), show that in the 18weeks of the tobacco market, 75% of the supply has been sold.

The figures show that about 50 million kg of the green gold are yet to be traded in the remaining weeks of sales at the auction floors, as the sold volume represents 26% of the tobacco estimated to have been produced this year. Latest figures from industry regulator, the Tobacco Commission (TC), show that, this far, the country has earned about $211.5 million from sales of tobacco, Malawi main export crop.

This year’s tobacco production has exceeded demand by 43.82 million kg, a situation which could provide buyers with some room to negotiate for lower prices and affect the growers in the long run. Third round of crop estimates has revealed that the country has produced 193.4 million kg against a demand of 149.56 million kg.