According to Malawi24.com, Malawi sold 13 million kilograms of tobacco in ongoing tobacco sales across the country's four tobacco floors, generating more than $26 million in revenue.
The Tobacco Commission (TC) described the current state of the tobacco market as "promising", despite challenges that have led to low leaf yields.
"For illustrative purposes, NG Class Burley (non-descriptive), which would normally be purchased at a minimum price of $0.95 set by the government, was purchased at a minimum price of up to $1.76, 85% higher than the original price, because it reflects its quality," TC CEO Joseph Chidanti Malunga said.
"As of May 18, the average price of tobacco was $2.04 per kilogram. We expect we can get better prices, but these are positive developments in the market."
"Even the rejection rate has gone down dramatically, and in some cases we haven't even been rejected. I went to Mzuzu [and] another Chinhora - there was no rejection at a particular moment. So it's exciting not only for the council but also for growers, "he added.
Chidanti Malunga said the commission could only manage to sell at least 100 million kg of products this year, of the 161 million kg needed, which he attributed to changing rainfall patterns.