Closing the fourth week of the tobacco market, sales posted   $34 million (K27.2 billion), made by a sold quantity of 20.4 million kilograms (kg).

According to figures by the AHL Group, the sales represent a 23.6% increase when compared to earnings posted during the same period last year after selling 18 million kg of all types of tobacco.

Commenting on the market thus far, Tobacco Association of Malawi (Tama) Trust Chief Executive Officer Nixon Lita rated the market performance as a mixed bag. “We hope that with authorities’ engaging all buyers, there would be more buyers participating in the auction market, thus increased competition and reduced rejection rate,” Lita said. Meanwhile, a new buyer has been announced on the tobacco market, a development that may spike sales. The Tobacco Commission (TC) announced a Serbian tobacco buying company called Tobacco Industry of Bujanovac (TIB).