Malawi Sells Less Tea, Makes More Money

Malawi earned more money from tea exports last quarter despite a sharp drop in production, new central bank data shows. Figures from the Reserve Bank of Malawi reveal a significant decline in tea output during the third quarter of the year. However, higher global prices meant the country's total earnings from tea exports still increased. The data highlights how market prices can sometimes outweigh production volume for agricultural exports. No reasons for the production drop were given in the report. The tea industry is a major source of foreign currency and employment for the Malawian economy.