By Andrew Magombo
President Lazarus Chakwera is preparing to kick off the 2024 tobacco marketing season, aiming to strengthen the country’s economy.
Chinkhoma Auction floors will be the first to open, followed by other auction floors.
Joseph Chidanti Malunga, the Chief Executive Officer for The Tobacco Commission, confirmed this in a recent statement.
Last year, Malawi saw great success in the tobacco marketing season, earning $282.62 million by selling over 120 million kilograms of tobacco, with an average price of $2.35 per kilogram.
Tobacco farmers were delighted with the improvements in buying and selling during the 2023 season.
This year, farmers are hopeful and expectant of higher profits from their hard work on the farms. They eagerly await the chance to reap the rewards of their labor in the upcoming marketing season.
The transformation is credited to the visionary leadership of President Chakwera, who envisions a prosperous Malawi.
Unlike the previous regime, the Chakwera-led administration has introduced changes in the pricing of the golden leaf, resulting in an improved rate of 2.35 cents per kilogram.
