2021 Week 14 cumulative sales versus cumulative sales by Week 14 in 2020:
- The average price for burley rose in 2021 to $1.53/kg from $1.42/kg in 2020 in the week under review representing an 8% increase.
- The FCV average price in the week under review was higher in 2021 at $2.42/kg than in 2020 at $2.23/kg indicating a 9% rise.
- At $1.59/kg, the NDDF average price was higher in 2021 than in 2020 registered at $1.47/kg in the week under review representing an increase of 9%.
- The average price for SDF jumped by 12% to $1.63/kg in 2021 from $1.45/kg registered in 2020.
- The average price for all tobacco types was maintained at $1.64/kg registering an 8% increase over the $1.52/kg observed in a similar week in 2020.
Cumulative purchases by Week 14:108,027,697 kg (108 million kg) of all types of tobacco has been purchased. This translates into 81% of total trade requirement and 87% of 2021 second round estimated production being purchased
- LLTC, AOI, JTI and ATS have purchased beyond what they demanded of contract tobacco.
- Only half of auction demanded tobacco has been purchased so far. On the other hand, 96% of what was demanded of contract tobacco has been purchased.
SALES BY FLOORS
- By the end of Week 14 cumulatively; Lilongwe floors had traded 43%, Chinkhoma 25%, Mzuzu 22% and Limbe 10% of the total volume sold nationally.
- Limbe selling floors maintained the highest average price at $1.84/kg, seconded by Lilongwe at $1.66/kg, Mzuzu at $1.60/kg and Chinkhoma at $1.54/kg.