Malawi Giving Up On Tobacco

(allAfrica.com) Malawi is reducing the production of tobacco following huge losses by smallholder tobacco farmers and commercial estates trading the crop on the country's only official tobacco markets, the auction floors.
Tobacco has been the country's sole main revenue earner accounting for up to 60 percent of the foreign exchange estimated at 950 million dollars. Malawi's tobacco accounts for five percent of the world's total exports, according to the country's ministry of agriculture.
Commercial production of Malawi's tobacco leaf dates back to 1889 when it was introduced by colonisers from Virginia in the U.S. Continued