Minimum prices set

The government of Malawi has set minimum prices for tobacco ahead of the opening of the marketing season on April 25, reports the Nyasa Times.

The prices will be revealed once the Tobacco Control Commission has met with buyers and other stakeholders.

“The minimum prices are very good, farmers will smile, the minimum prices would benefit our tobacco farmers,” said Felix Thole, chief executive officer of the Tobacco Association of Malawi.

Tobacco is Malawi’s top foreign exchange earner and contributes to 13 percent of the GDP.