Malawi Minimum Tobacco Price Cut 7%, Tobacco Commission Says

(Bloomberg) The minimum price paid to tobacco producers in Malawi, Africa’s largest producer of the burley variety, has been reduced by 7 percent as the cost of producing the leaf fell, the Tobacco Control Commission said.
Burley tobacco will trade at a minimum price of $2 per kilogram (2.2 pounds) from $2.15, while flue-cured tobacco will decline to $3 a kilogram form $3.60, the commission’s Chief Executive Officer, Bruce Munthali, told reporters in the capital, Lilongwe, yesterday, ahead of the opening of the tobacco selling season on March 16. Continued

Image: Jack Delano/Library of Congress