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Malawi Tobacco Sells for 39% Below Government-Set Price, Daily Times Says

The average price of tobacco in Malawi, the world’s largest producer of the burley variety, is selling for 39 percent less than the government’s recommended price, the Daily Times reported.

The leaf is selling for an average $1.10 per kilogram (2.2 pounds) since the auction season started on March 14, the Blantyre-based newspaper said, citing Bruce Munthali, the chief executive officer of the Tobacco Control Commission. The country has generated $104.8 million from tobacco sales this year, it said.

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