This year's tobacco earnings are only enough to cover imports for a month. Figures from Auction
Holdings Limited (AHL) Group indicate that as at the close of tobacco sales on Friday, the country
realised $212.9 million from 106,450, 187 kilogrammes of tobacco, sold at an average price of $2
per kilogramme.
Malawi needs a total of $210 million per month to finance the import of various essential
commodities such as fuel and drugs. This means that the $212,900,374 from tobacco sales could only be enough to cater for 30.4 days
of imports.
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