Malawi, one of the worldâs largest tobacco producers, hasÂ realised a 36 percent increase in tobacco exports in first half period ofÂ this year, the countryâs Tobacco Control Commission revealed.
âData compiled by the Reserve Bank of Malawi (RBM) has shown thatÂ cumulative tobacco exports in the period from January to May this yearÂ were at $137.7 million.
âThis is an increase from corresponding period last year when theÂ country had exported the commodity for $87 million,â Tobacco ControlÂ Commission said in a statement.
Malawi is the worldâs most tobacco-dependent economy. Its reliance hasÂ contributed to Malawiâs vulnerable economic position on the globalÂ level. Tobacco sales generate $165 million per year for Malawi,Â with tobacco making up 53 percent of southern African nation exports.
Malawi is also one of seven countries in the world that derive atÂ least one percent of export earnings from tobacco. Burley leaf fromÂ Malawi makes up 6.6 percent of the worldâs tobacco exports andÂ accounts for over 70 percent of Malawiâs foreign earnings.
The countryâs tobacco is produced in both large estates, concentratedÂ in the central plateaus of the country, and in small landholdingsÂ throughout the country.
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