Tobacco season opens with promising prices

By Martha Chikoti

The 2024/2025 tobacco market season has officially kicked off at him Auction Holdings Limited in Kanengo, Lilongwe.

President admiring the quality of tobacco PIC MANA

President Lazarus Chakwera marked the occasion, commending farmers for their vital contributions to Malawi's economy.

He said that the country cannot talk of hospitals, good roads, and schools without mentioning the foreign exchange that the farmers bring into the country to support various projects.

In his remarks Minister of Agriculture Sam Kawale expressed optimism about the current market prices, saying farmers will now afford a smile.

"If prices continue to be like this, the agriculture industry will be the best, and many farmers will venture into farming," he added.

Kawale praised President Chakwera for fostering a good working relationship between the ministry and buyers.

The tobacco market season commenced with farmers selling their leaf at $3.20 per kilogram.

This promising start is expected to boost the industry, encouraging more people to engage in farming. Production is projected to increase from 135 million kilograms last year to 170 million kilograms this year.

The tobacco industry is expected to continue growing, with 11 companies participating in the 2024/2025 selling season.

Despite the promising start, challenges persist. Some farmers have faced difficulties with delayed payments, highlighting the need for improved payment systems. Stakeholders are working to address these issues.

The opening of the 2024/2025 tobacco market season at AHL floors in Kanengo marks a significant milestone for Malawi's agricultural sector. With promising prices and government support, the industry is poised for growth, benefiting both farmers and the national economy.