Sunday, January 17, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

TCC sees 2012 tobacco demand at 160 m kg

by Johnny Kasalika
04/01/2012
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

tobacco LL auction2 | The Nation OnlineMalawi’s tobacco regulatory body the Tobacco Control Commission (TCC) wants to restrict the 2011/2012 growing season’s tobacco production to between 150 million kg and 160 million kg to be in line with the global trade requirements, chief executive officer Dr Bruce Munthali has said.

RelatedHeadlines

Banks reaping from high lending rates

Traders cheating farmers under govt watch—study

MSE value drops

This represent a 20- million kg demand fall from the 180 million kg Munthali indicated that the buyers were interested in as at September 2011.

This will be a 32 percent drop from last year’s output of 235 million kg. To control production to this level, the TCC has introduced quotas that will enable the farmers to grow the crop based on their land size.

“In 2011, tobacco prices were depressed in Africa because of oversupply of tobacco.

“But what we intend to do is to restrict the production of the leaf to between 150 and 160 million kg this year and that is according to our trade requirements for tobacco,” said Munthali in an interview.

He said the tobacco regulatory body wants tobacco production to be in line with the land size so that farmers produce good quality leaf to attract better prices on the floors.

Malawi tobacco growers have over the years been producing more than 200 million kgs of the leaf that wires in about 60 percent of foreign exchange earnings and 13 percent to the national economy.

Experts argue that whenever tobacco is overproduced, prices normally go down because demand is largely suppressed.

In June 2011, government unveiled plans to introduce a policy to manage tobacco production to balance the reduction of further erosion to tobacco farmers’ income and profitability with production to the global trade requirements.

The need to regulate production comes at a time when the prices of tobacco in last year’s growing season hit rock bottom with most farmers registering losses.

Revenue from tobacco last year went down by 30 percent to $293 million from the previous year’s $416 million. The drop was attributed to the high rejection rates, which hit 90 percent at one time, and overproduction of the leaf which led to prices being suppressed.

Previous Post

Contractors spell out 2011 hurdles, prospects

Next Post

UDF on a downward slope—Nandin Patel

Related Posts

graph 4 | The Nation Online
Business News

Banks reaping from high lending rates

January 16, 2021
Maize prices are on the rise on the market
Business News

Traders cheating farmers under govt watch—study

January 15, 2021
Trading in progress at Malawi
Stock Exchange
Business News

MSE value drops

January 15, 2021
Next Post

UDF on a downward slope—Nandin Patel

Trending Stories

  • covid death | The Nation Online

    Tonse owes ‘ife tonse’ an apology

    0 shares
    Share 0 Tweet 0
  • Nocma in race against time

    0 shares
    Share 0 Tweet 0
  • Imbibers defy Covid-19 guidelines

    0 shares
    Share 0 Tweet 0
  • Covid-19 mars cabinet review

    0 shares
    Share 0 Tweet 0
  • Locked with hubby’s brother

    0 shares
    Share 0 Tweet 0

Opinions and Columns

Bottom Up

For 20 Pounds John Chilembwe was betrayed

January 16, 2021
My Diary

Tonse owes ‘ife tonse’ an apology

January 16, 2021
Off the Shelf

Accomplices in genocide

January 16, 2021
Back Bencher

On verge of collapse due to Covid-19

January 16, 2021
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

WhatsApp us

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.