Malawi Tobacco Unchanged at $2.01 a Kilogram for Second Consecutive Week

Source from:  Bloomberg 07/20/2010

Business Exchange Twitter Delicious Digg Facebook LinkedIn Newsvine Propeller Yahoo! Buzz Print The average price of tobacco in Malawi, the world's largest producer of burley tobacco, was unchanged for a second week, Auction Holdings Limited said. The leaf sold at an average $2.01 per kilogram (2.2 pounds) in the week through July 16, the Lilongwe-based manager of Malawi's auction floors said in a statement published in the Daily Times newspaper today. During the week, 9.4 million kilograms of tobacco worth $18.8 million was sold, it said. Since sales began on March 15, 145.3 million kilograms of tobacco has been sold, generating revenue of $289.1 million. The leaf has sold at an average of $1.99 per kilogram. Enditem