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Malawi Tobacco Traded 18% Below State Price Last Week (Update1)  

The price of tobacco in Malawi, Africa’s second-largest producer of the burley variety, traded 18 percent below the government-mandated price of $2.15 last week, said Auction Holdings Ltd., which manages the country’s auction floors.

The leaf sold at an average $1.77 per kilogram (2.2 pounds) during the week ended Aug. 21, Auction Holdings said in a weekly sales report published in the Daily Times newspaper today. Since the market opened on March 16, tobacco has sold for an average of $1.72, it said.

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