08:17 pm - Monday 19 November 2018

Economist wrong on Tobacco selling season

By Amalawi - Wed Jan 15, 5:40 pm

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The Tobacco Control Commission TCC ruled out any possibility of the selling season being opened as earlier as suggested by some economists.
The Tobacco regulating body’s sentiments came a month after Professor Matthews Chikaonda –renowned economist suggested that authorities must open tobacco marketing season as early as in February in order to rescue the country’s economy from further shocks that might be caused by effects of the recent donor aid withdrawal.
TCC’s Chief Executive Officer Dr Bruce Munthali said though they also feel it will be beneficial to the local economy to open the market earlier, it may be difficult because the rainfall came late in most places.
“It would depend on rainfall pattern and especially this year when different areas have received rain quite late, in most places tobacco will be ready by March.
“However we are still anticipating a positive season given the current weather condition persists.” Said Munthali.
Meanwhile, TCC predicts an increase in terms of production for 2014 season.

Tobacxo at Lilongwe Floors

Tobacco at Lilongwe Floors

“We are definitely expecting production to surpass last year’s 168 million kilograms.
“This will consequently improve the earnings two- do not forget last year we got 360 million USD from tobacco.” Munthali was quoted as saying.
The first round tobacco estimates are expected to be released by end January as the registration exercise is in its completion stage

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