Mozambique Leaf Tobacco buys tobacco costing US$97 million

16 September 2011

Tete, Mozambique, 16 Sept – Mozambique Leaf Tobacco (MLT), a company based in Mozambique’s Tete province, paid out around US$97 million to buy 68,000 tons of tobacco produced in the provinces of Tete, Manica, Zambézia and Niassa during the current campaign, the company managing director said.

Speaking to Mozambican newspaper Notícias, Ronny Hagger said that tobacco purchases during this campaign had exceeded the previous one by 7,100 tons, which provided 118,000 tobacco farmers with total income of over US$60 million.

“The tobacco produced in these provinces is of the best quality and is much appreciated by our customers in Europe and Asia to where we export it,” Hagger said adding that the company had spent more than US$100 million on processing equipment and computer equipment to weigh and grade the tobacco.

The managing director of Mozambique Leaf Tobacco noted that the company had also spent US$25 million to buy agricultural supplies such as seeds and fertiliser, which were later handed over to producers. (macauhub)