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(Bloomberg) The price of tobacco in Malawi, the world’s largest producer of the burley variety of the leaf, traded 47 percent below the government’s recommended price of $1.80 a kilogram at the Limbe Auction Floors in the commercial capital, Blantyre yesterday.
The leaf sold at an average $0.95 a kilogram (2.2 pounds), with the highest price $1.35 and the lowest 55 cents, according to the bourse. Continued
Friday, July 15, 2011
Malawi Tobacco Trades 47% Below Government-Set Price
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