President Chakwera to preside over opening of the 2023 tobacco market season

By Chisomo Phiri

President Lazarus Chakwera will on Wednesday preside over the official opening of the 2023 Tobacco Marketing Season at Lilongwe Auction Floors in Lilongwe.

According to the statement signed by the Secretary to the President and Cabinet Colleen Zamba, the opening ceremony will start at 9 o’clock in the morning.

Reports from Tobacco Commission indicate that about 20,000 bales have already been presented to the market, with 2600 bales expected to be sold tomorrow.

Production of the country’s main forex earner is estimated to jump to 126 million kilograms from 85 million kilograms the country produced last year, representing over 50 percent increase.

Malawian tobacco farmers are expecting good prices since ten buyers are competing for the gold leaf this year.

Chinkhoma, Limbe and Mzuzu Auction Floors will be opened on 13th, 17th April and 2nd May respectively.