Malawi's Tobacco Price Climbs 29% on Improved Leaf Quality

Source from:  Bloomberg 06/05/2009

The average price of tobacco in Malawi, the world's largest producer of the burley variety, climbed 29 percent last week on improved quality, the Tobacco Control Commission said. Tobacco sold for an average of $1.80 per kilogram (2.2 pounds) in the week ended May 29, compared with $1.40 a week earlier, the agency said in a statement handed to reporters on the auction floors of Limbe today. The price is still below the government-mandated price of $2.15 per kilogram. A total of 65 million kilograms of tobacco was sold during the week for $102.3 million, the commission said. Enditem