TAMA BUSINESS FOCUS

Chengwe Cooperative found in the Traditional Authority Kaphaizi in Kasungu District received a capital grant of a brand-new Messy Ferguson 80 hp Tractor from the Agricultural Comercialisation (AGCOM) Project on 18 April, 2023. The handover ceremony was in the presence of T/A Kaphaizi, TAMA Farmers Trust officials, Transform Organisation officials, Farmers Engineering Services (FES) officials, traditional and political leaders, and farmers from the area. The cooperative applied for a grant from AGCOM in 2020 and were successful in the year 2022. AGCOM provided the grouping a 29 million Kwacha grant with which they purchased a tractor from FES at 38 million Kwacha upon adding their contribution as per conditions of the grant. According to the leadership of the Cooperative, they aim at increasing agriculture production as they will use the tractor for most of their farm activities on a larger scale than before. The cooperative is also going into value addition with the help of the o

1. More volume of tobacco sold and better average prices contributed to higher earnings the country has realised from tobacco sales after 2 weeks in 2023 season, compared to that earned during the same period in 2022. $16.1 million has been generated after 2 weeks of sales this year, compared to $0.5 million earned during similar period last year. 2. A total of 8.1 million kilograms of burley and flue cured tobacco have been sold at an average price of $1.99/kg after 2 weeks of sales this year. During the same comparative period last year, 0.4 million kilograms of tobacco had been sold at an average price of $1.40/kg. 3. Current market trend: Tobacco supplies on the market are on the increase and sales are also increasing towards the recommended trading capacity, especially on Lilongwe Floors. During similar period last year, tobacco deliveries were on the decline with depleted sales. See insights and ads Boost post Like Comment Share