https://en.sputniknews.africa/20230807/this-african-country-boosted-tobacco-sales-by-55-in-recent-season-1061138385.html
This African Country Boosted Tobacco Sales by 55% in Recent Season
This African Country Boosted Tobacco Sales by 55% in Recent Season
Sputnik Africa
In recent years, declining tobacco sales in Malawi have contributed to significant dollar deficits, resulting in a dearth of imported gasoline, fertilizer, and... 07.08.2023, Sputnik Africa
2023-08-07T18:29+0200
2023-08-07T18:29+0200
2023-08-07T18:29+0200
sub-saharan africa
east africa
malawi
development
export
lazarus chakwera
president
us dollar
international monetary fund (imf)
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Malawi's tobacco sales grew by 55% to around $282 million in the most recent growing season, up from $182 million the previous year, according to the country's industry regulator.Despite being greater than a year before, Malawi's tobacco sales in 2023 fell short of prior years, when they topped $350 million.According to Telephorus Chigwenembe, spokesperson for the nation's Tobacco Commission, tobacco production has increased to more than 121 tons in the most recent season, up from 85 tons the previous season, thanks to better weather.The average price has also gone up from $2.14/kg to $2.35/kg.In 2021, Malawi's President Lazarus Chakwera warned that the product's sales were on the verge of collapse and encouraged a shift to high-growth crops like cannabis.
https://en.sputniknews.africa/20230606/this-african-nation-got-712-mln-from-african-development-bank-for-food-security-1059739155.html
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east africa, malawi, development, export, lazarus chakwera, president, us dollar, international monetary fund (imf)
east africa, malawi, development, export, lazarus chakwera, president, us dollar, international monetary fund (imf)
This African Country Boosted Tobacco Sales by 55% in Recent Season
In recent years, declining tobacco sales in Malawi have contributed to significant dollar deficits, resulting in a dearth of imported gasoline, fertilizer, and medications, reports say.
Malawi's tobacco sales grew by 55% to around $282 million in the most recent growing season, up from $182 million the previous year, according to the country's industry regulator.
Despite being greater than a year before,
Malawi's tobacco sales in 2023 fell short of prior years, when they topped $350 million.
According to Telephorus Chigwenembe, spokesperson for the nation's
Tobacco Commission, tobacco production has increased to more than 121 tons in the most recent season, up from 85 tons the previous season, thanks to better weather.
The average price has also gone up from $2.14/kg to $2.35/kg.
In 2021, Malawi's President Lazarus Chakwera warned that the product's sales were on the verge of collapse and encouraged a shift to high-growth crops like cannabis.
