Economics and agricultural experts are urging the Reserve Bank of Malawi (RBM) devalue the kwacha during this tobacco selling season to raise up the dwindling leaf prices that has put farmers in anxiety.
Professor of economics at Chancellor College Ben Kalua said the government, through the Reserve Bank of Malawi should consider devaluing the kwacha to help tobacco farmers realise better tobacco prices.
He said the tobacco industry is the back bone of the agriculture industry therefore hurting it through unfavourable tobacco prices would further cripple the already sick economy.
Chairman of the Agriculture committee of parliament Felix Jumbe said his committee has since been granted a meeting with the Reserve Bank governor Charles Tchuka and his officials on the same issue. Read More>
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