Malawi Tobacco Earnings Decline 57% Since Start of Season, Guardian Says

Malawi’s tobacco earnings declined 57 percent from the start of the selling season to Aug. 22 compared with a year earlier, the Guardian reported, citing Tobacco Control Commission chief executive officer, Bruce Munthali.

The southern African nation has earned $151.4 million from 130 million kilograms (286 million pounds) of tobacco sold, the Blantyre-based newspaper cited Munthali as saying. This compared with $352.9 million from 176.8 million kilograms for the same period in 2010, it said.

The selling season started on March 14.

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

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net

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