Mzuzu tobacco auction floors shut down

Nyasa Times
Published: June 30, 2009

Tobacco farmers in the northern region forced the closure of the Mzuzu Auction Floor after protesting against low prices offered by buyers.

“The Auction Floor has been closed indefinitely,” said Paul Mwambaki head of the tobacco market.

He said the farmers made their distress at the low tobacco prices and they decided to close the market.

Mwambaki said the stakeholders will meet and the buyers to negotiate for better prices for the leaf

President Bingu wa Mutharika who announced fixed minimum prices for buyers has continued to fight for the plight of farmers and has threatened to send packing buyers if they don’t offer better prices on the auction floors.

He accused them of running a cartel and fixing prices.

Tobacco remains Malawi main foreign exchange earner.

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