Malawi Sells Tobacco at 32% Below Government-Mandated Price

(Bloomberg) The average price of tobacco in Malawi, the world’s largest producer of the burley variety of the leaves, was 32 percent below the government-set price at an auction last week, Auction Holdings Ltd. said.
Tobacco sold at an average $1.23 per kilogram (2.2 pounds) in the week through April 27, compared with 81 cents in the same period a year earlier, the Lilongwe-based agency said in a report published in the Nation newspaper today. The government-set price is $1.82 per kilogram. Continued