Tobacco makes impressive sales, rakes in K90bn

Tobacco markets might close earlier than scheduled because the leaf is selling fast, so far sold 147000 kg, half of the green gold on the market raking in K90 billion.

The tobacco market

Head of public relations at Auction Holdings (AHL)Limited Thom Khanje said the figures are twice same time last year.

He said last year same time, AHL sold 74000 kg and raked in K59 billion in foreign currency.

“This year’s market has been very impressive indeed,” said Khanje.

Tobacco Control Commission general manager Kaisi Msadala concurred with Khanje that the tobacco market has been extraordinarily impressive.

He however was cautious to say the market might close earlier as all the tobacco might have been sold, saying the tobacco market is dynamic.

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Angel of Doom
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Angel of Doom

The comparison between last year and this year is flawed.

It does not show an improvement it shows a deteriaration of 31% this year is worse than last year.

This is the problem, we tell people untruths and they comment based on these half baked analyses.

Half way through the sales are lower than last year.

If we had 174,000kg last year the sales would have been 117 Billion we only have 90 billion that is not better its worse.

mlamba
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mlamba

a very good observation. impressive sales??. za chamba basi. kubera alimi is what they know best

Terranullis
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Terranullis

I think it’s probably a misleading ‘half-truth’. People asked also on the previous news of ‘great tobocco sales’ The explanation is left incomplete.. ‘impressive’ for whom? The market is ‘great’ and ‘booming’ for whom? No doubt it is, mostly for the mostly (foreign-owned) tobacco companies, and their relatively few, middle-management Malawian employees. The tobacco companies get to buy plenty of tobacco, at very, very cheap prices for the international market. They are laughing all the way to the bank! But how ‘impressive’ is this tobacco season for the average Malawian tobacco farmer? Fertiliser and all other input costs gone up.… Read more »

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