WEEKLY CUMULATIVE TOBACCO SALES REPORT FOR WEEK 15 – ENDING 30.07.2021

Traded Volume

2021 Week 15 cumulative sales versus cumulative sales by Week 15 in 2020:

• The average price for burley was at $1.52/kg in 2021, 7% higher than the $1.42/kg registered in 2020 in the week under review.   

• The FCV average price in the week under review was higher in 2021 at $2.40/kg than in 2020 at $2.26/kg indicating a 6% rise.

• The 15^th week of 2021 registered a higher NDDF average price of $1.59/kg than the similar week in 2020 where the average price was $1.47/kg representing an 8% increase.
• The SDF average price increased by 17% in 2021 when the average price registered was $1.68/kg from the $1.44/kg witnessed in 2020.

• The average price for all tobacco types was at $1.63/kg registering a 7% increase over the $1.52/kg observed in a similar week in 2020.

BUYER PERFOMANCE

Cumulative purchases by Week 15 of sales:

• 112,707,130 kg (112.7 million kg) of all types of tobacco has been purchased. This translates into 85% of total trade requirement and 91% of 2021 second round estimated production being purchased.

SALES BY FLOORS

– By the end of Week 15 cumulatively; Lilongwe floors had traded 44%, Chinkhoma 25%, Mzuzu 22% and Limbe 9% of the total volume sold nationally.

• Limbe selling floors was the first to officially close in the 2020/21 tobacco marketing season on 23^rd July 2021 seconded by Chinkhoma floors on 28^th July 2021.

• Limbe selling floors still maintains the highest average price at $1.84/kg, seconded by Lilongwe at $1.66/kg, Mzuzu at $1.59/kg and Chinkhoma at $1.54/kg.