WEEKLY CUMULATIVE TOBACCO SALES REPORT FOR WEEK 16 – ENDING 06.08.2021
Traded Volume
2021 Week 16 cumulative sales versus cumulative sales by Week 16 in 2020:
- Burley average price rose by 7% in the week under review at $1.52/kg in 2021from $1.41/kg registered in 2020.
- The FCV average price in the week under review was higher in 2021 at $2.35/kg than in 2020 at $2.29/kg indicating a 3% rise.
At $1.59/kg in 2021, the NDDF average price was higher by 7% than the average price recorded in a similar week in 2020 at $1.49/kg-
- There were no sales for SDF in week 16 as the closure of Limbe floors on 23rd July, 2021 concluded the trade of the crop in the 2020/21 tobacco marketing season.
- The average price for all tobacco types was at $1.62/kg in 2021, registering a 6% increase over the $1.53/kg observed in a similar week in 2020.
BUYER PERFORMACE
Cumulative purchases by Week 16 of sales
- 116,190,357 kg (116.1 million kg) of all types of tobacco has been purchased. This translates into 87% of total trade requirement and 93% of 2021 second round estimated production being purchased.
- Overall, 62% of auction demanded tobacco has been purchased. On the other hand, the buyers have purchased more (102%) than what they had demanded of contracted tobacco.
SALES BY FLOOR
- By the end of Week 16, cumulatively; Lilongwe floors had traded 44%, Chinkhoma 24%, Mzuzu 23% and Limbe 9% of the total volume sold nationally.
- Limbe selling floors, despite being closed still maintains the highest average price at $1.84/kg, seconded by Lilongwe at $1.65/kg, Mzuzu at $1.58/kg and Chinkhoma at $1.54/kg.
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