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The Tobacco Association of Malawi

THE PRODUCERS OF THE UNIQUE MALAWI TOBACCOS

 
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TAMA ACQUIRES 10% OF KANENGO TOBACCO PROCESSORS LTD (KTPL) AS AT THE FIRST STEP TOWARDS THE EVENTUAL ACQUISITION OF 25% IN THE NEXT 3 TO 4 YEARS.                                                                                                                                                                                                                                                                                                                   THE INVESTIMENT IN KTPL WILL OPEN OPPORTUNITIES FOR VALUE ADDITION FOR THE EXCLUSIVE BENEFIT OF TAMA MEMBERS.                                                                                                                                                                                                                                                                                                                   2011 TOBACCO MARKETING SEASON LIKELY TO END THIS NOVEMBER 2011.                                                                                                                                                                                                                                                                                                                   TAMA will hold Elections in February 2012 in all its Council Areas to elect new office bearers for the next five years ending 2017.                                                                                                                                                                                                                                                                                                                   TAMA delegation recently attended ITGA Annual General Meeting in Arusha, Tanzania which was held at Mount Meru Hotel from 23rd to 25th October 2011.

I smoke and I vote

  

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TOBACCO MARKET PROGRESS

Link to FINAL 2013 TOBACCO MARKET REPORT.

BURLEY

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The market has this 2012/2013 season, traded 145 Million Kg of Burley at an average price of 2.01 USD per Kg. Auction sales have totaled to 44.5 Million Kg, traded at an average price of 1.95 USD per Kg; and the Contracted Burley volume of 100. 3 Million Kg, has been sold at 2.04 USD per Kg.

FLUE CURED

Flue Cured did well from the onset of the market to the end. It sold a total of 19.7million Kg at an average price of 2.87 USD per Kg. Auction sales saw 954 thousand Kg trading at an average price of 260.959 USD per Kg; and the Contracted Flue volume of 18.8 million Kg was sold at an average price of 312.476 USD per kg.

NDDF

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3.8 million Kg of NDDF sold at an average price of 1.94 USD per Kg. Auction sales alone had722 thousand Kg that sold at an average price of 1.73 USD per kg; and Contracted NDDF sold 3.1 million Kg at an average price of 214.054 USD per Kg

PREMIUM TAMA TOBACCO LTD ESTABLISHES A PROCESSING COMPANY

Resultant to TAMA’s strategic plan to partner with an offshore tobacco merchant which has resulted in creation of Premium Tama Tobacco Limited (PTTL), it is now pleasing to note that the company is in the process of establishing a Tobacco Processing Company. TAMA now owns 9.99% stakes in this venture.

Pursuant to the 25% stakes that TAMA has been offered, the Executive resolved to form special Purpose Vehicle (SPV) called TAMA Tobacco Processors Limited to champion the issues of share holding in the company. Continental Discount House Limited were appointed as arrangers for management of the SPV to spearhead the process. It is envisaged as per the resolutions by the Executive that TAMA members will be offered to buy shares pro-rata to their levy contribution last year’s levy as a benchmark. Council will be kept posted on the progress of the same.

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TAMA HOUSE, Independence Avenue, P.O. Box 31360, Capital City, Lilongwe 3, Malawi. 3      E-mail: tama@tamalawi.com       Tel: 01 773 099 /276/356

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