Brus trade has economic potential

0

BY PATRICK TOM

The sale of brus (tobacco leaves) is a good source of income in the informal sector, explains saleswoman Sabeth Peter.
It’s a small market, but it has enormous economic potential for growth.

“We source our supplies from Mt Hagen and transport them by boat or air freight to Port Moresby,” said Ms. Peter.

“It’s good business to tap into the expense report, but we still earn enough income at the end of the day. “

She said they normally buy bags from wholesalers and resell them in city markets.

“It takes us two to three months to make our sales based on consumer demand.

We buy brus for K1000 per bag and make a K3000 profit from each bag, ”she said.

Ms Peter said that a good amount of money turns into the informal economy, and if all of this can be captured, the K15 million flowing into the informal sector could help strengthen the economy.

The pandemic has slowed down the brus trade with limited market opportunities and a drop in wholesale supply due to partial foreclosure in the Highlands region as COVID Delta Variant rises.

“Our product is raw and doesn’t spoil if it’s in storage and that keeps us going as long as the market is good.

We earn good income and also pay taxes to the government even though we operate in the informal sector through daily gate taxes and market fees, ”she said.

The informal sector is an unregulated industry of millions of people that must be taken into account by the government if it is to be included in the country’s economy.


Source link

Share.

Comments are closed.