The market principle of demand and supply has come to haunt the tobacco market in Malawi, Malawi24 has been informed.
The Tobacco Association of Malawi (TAMA) says the availability of more tobacco on the market has affected prices of the cash crop in the country.
Chief Executive Officer for TAMA Graham Kunimba said due to the high supply of tobacco on the market, buyers are taking advantage by offering prices that are not favourable to farmers.
Kunimba disclosed that the tobacco sold on auction is pegging at 92 cents per kilogram while tobacco being sold on contract is going at $1.45, which he said is not a good development.
“The overall supply of tobacco on the market is higher than demand and this is prompting buyers to have a selective type of buying,” said Kunimba.
According to the TAMA boss, this year’s overall average of prices is 12 percent lower than last year’s.
He further said that the variation in prices is not good for the sustainability of the tobacco business in the country.
Chaka ndicha tizingodandaula nkhani ya fodya iyaaaa zanyanya
Chonde Nkhan Yaulimi Siyamasewela You Bigs Becareful Tisamangolila Each Year
aaaaa agureni azathuwo plz plz
And the comes this thing called contruct farming……aaaaah over my dead body….contract imayenda mmene akupangira akanganya amenewa kunomu?
Government must change its policy. Buyers must not be allowed to grow/to be producers. Thats total madness. angagule bwanji fodya pa mtengo wa bwino pamene alinaye wambiri kale olima okha? Nosense! And the ministry of agriculture can’t see this.
Mmmmmmm koma gys?zachakachino ndizonanso
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my pple i told you can’t you start growing other crops so that you can earn what you are supose to earn? coz this is day light robbery