16 weeks into the 2020 tobacco selling season, the industry has so far realised a whooping MWK118 Billion from 105 million kilograms of tobacco sold in all four markets of Chinkhoma, Limbe,Lilongwe and Mzuzu.
However, by 11th August 2020, over 107 kilograms were sold at an average price of US$1.53/Kg. Out of all four types of tobacco; Burley had sold 90,506,748 kilograms while FCV had sold 13,951,681 kilograms (both on contract and auction).NDDF and SDF on the other hand,had sold 1,777,430 and 567,350 kilograms respectively.
Tentatively, Lilongwe selling Floors will close on Tuesday, 25th August 2020 and last date for deliveries is 21st August 2020. While the Mzuzu Selling Floors shall close on 27th August, with Merit Sale taking place on August 28th, 2020. Last delivery date for Mzuzu floors are 19th and 25th August 2020 (for Commercial Graders).