Malawi’s tobacco earnings declined 72 percent from the start of the selling season to July 1 compared with a year earlier, Zodiak Broadcasting Station reported, citing Bruce Munthali, chief executive officer of the Tobacco Control Commission.
The southern African nation has sold 72 million kilograms (158 million pounds) of the leaf since March 14 compared with 130 million kilograms during the same period last year, the Lilongwe-based broadcaster cited Munthali as saying.
Malawi Tobacco Earnings Decline 72% to $73 Million in Season, Zodiak Says
