Bloomberg News

Malawi’s Tobacco Earnings Fall 79% in Season So Far, Nation Says

June 02, 2011

June 2 (Bloomberg) -- Earnings from tobacco in Malawi, Africa’s largest producer of the burley variety, fell 79 percent to $32 million as of May 26 compared with the same period a year earlier, the Nation reported.

The southern African nation has sold 34.4 million kilograms of the leaf since the market opened on March 14, down from 78.9 million kilograms last year, the Blantyre-based newspaper said, citing a report from the Tobacco Control Commission, which regulates the industry.

To contact the reporter on this story: Frank Jomo in Blantyre at fjomo@bloomberg.net

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net


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