Minister of Agriculture Honourable Lobin Lowe on Friday unveiled a new tobacco buying company, Protrade Group Limited.
Protrade, which is wholly owned by Malawians, will participate in the auction side of the marketing during the selling season that starts later this month.
With Protrade on board, the number of tobacco buying companies in Malawi comes to 10.
Earlier, TC Chief Executive Officer Dr Joseph Chidanti-Malunga spoke of the coming of the new buying company.
“The coming in of a new buyer is good for the industry as this means more competition for our tobacco, thereby assuring growers of competitive prices for their leaf,” said Dr Chidanti-Malunga.