2021 Week 20 cumulative sales versus cumulative sales by Week 20 in 2020:
- At $1.49/kg in 2021, Burley registered a 7% increase in the average price compared to the $1.40/kg registered in 2020 in the week under review.
- The FCV average price plummeted in 2021 by 4% from $2.33/kg recorded in the week under review in 2020 to $2.23/kg in 2021.
- NDDF sales were concluded in week 19 in 2021. In 2020 however, the NDDF sales were concluded in week 20 where the average price registered at $1.48/kg was 7% lower than the $1.58/kg observed in week 19 of 2021.
- There were no sales for SDF in week 20 as the closure of Limbe floors on 23rd July, 2021 concluded the trade for the crop in the 2020/21 tobacco marketing season.
- Sun Air was only traded in the 19th week of sales in 2021.
- At $1.60/kg in 2021, the average price for all tobacco types rose by 4% from $1.53/kg observed in a similar week in 2020.
123,289,531 kg (123.3 million kg) of all types of tobacco has been purchased. This translates into 93% of total trade requirement and 98% of 2021 second round estimated production being purchased.
- Out of the total volume traded, 13% was purchased on the auction market whilst 87% was purchased on the contract market.
- Of the total volume traded, Burley forms the bulk (84%) of it. FCV and DFC account for 14% and 2% respectively.
SALES BY FLOOR
- By the end of Week 20, cumulatively; Lilongwe floors had traded 46%, Chinkhoma 22%, Mzuzu 23% and Limbe 9% of the total volume sold nationally.
- Only Lilongwe selling floors operated in week 20.
- Limbe selling floors, still maintains the highest average price at $1.84/kg, seconded by Lilongwe at $1.60/kg, Mzuzu at $1.56/kg and Chinkhoma at $1.54/kg.