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COMMODITY NEWS<br />
TOBACCO<br />
Kenya<br />
BAT Kenya Want Uniform Taxation On Tobacco<br />
British American Tobacco [BAT] Kenya has called for the simplification of the taxation on cigarettes. In addition to<br />
16% VAT, BAT carries an excise duty of 35% of the retail price.<br />
[Ecofin 29/05/14]<br />
Malawi<br />
Tobacco Sales Breach US$80m Level<br />
Malawi tobacco sales have hit over US$80 million in the first 8-weeks of trading on the country’s auction floors.<br />
Auction Holdings Limited [AHL] said in its latest market report that more than 54.3 million kg of the golden leaf<br />
were sold during the past 2-months, consisting of 52.1 million kg of burley and just over 2-million kg of flue-cured<br />
tobacco. According to the Tobacco Control <strong>Com</strong>mission sales are progressing well at the market, with the crop<br />
continuing to attract good prices. Malawi’s tobacco production for the 2013/14 season is estimated at 194 million<br />
kg for all types of tobacco against last year’s 169 million kg.<br />
[APA 22/05/14]<br />
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