The opening and operations of the tobacco market usually involve gatherings above 100 people, which goes against President Mutharika’s directive in prevention of the coronavirus. Following suit, the Tobacco Commission (TC) has announced a delay in the opening of the 2020 green gold market.
TC Chief Executive Officer Kayisi Sadala briefed the media that after the commission observes the situation in the next 30 days, the industry will review and make necessary recommendations to the government in terms of when the market can open.
Weeks ago, the Reserve Bank of Malawi vouched on the opening of the green gold market to stabilize the Malawi Kwacha and avail forex, but the delay may affect the central bank’s expectations also. On the other hand, the Tobacco Association of Malawi Farmers Trust Chief Executive officer Felix Thole said the decision was in the best interest of not only farmers but all industry players to ensure life is safeguarded.