Zimbabwe tobacco sales decline by 5% - Zimbabwe Situation

Zimbabwe tobacco sales decline by 5%

via Zim tobacco sales decline by 5% – Southern Eye 25 March 2014

STATISTICS from the Tobacco Industry and Marketing Board reveals that the latest sale figures are, 5% down compared to $61 million realised in the same period last year.

These figures were a result of the auctioning of 17 million kg of the golden leaf after accumulating $58 million from 19 million kgs since beginning of 2014 selling season.

Of the 19 million kg sold, contract farmers accounted for 13,1 million kg valued at $42 million.

Tobacco Sales Floor sold three million kg valued at $8 million, Boka Tobacco Auction Floors sold 1,7 million kg valued at $4,2 million while tobacco worth $3,4 million went under the hammer at Premier Tobacco Floors.

The average price during the 19th day of sales was $3 per kg, a 16,27% decline compared to $3,57 per kg obtained in the prior period.

Last week, tension was high at various tobacco auction floors in Harare where angry tobacco growers accused unscrupulous buyers of cheating them.

The situation was especially volatile at Boka Auction Floors where farmers pushed for physical action, including protests, against what they said was a deliberate move by the buyers to short-change them.

The farmers claimed that prices, which ranged from as low as $0,60 to around $3 per kg, were a mockery of their hard work.

 

COMMENTS

WORDPRESS: 3
  • comment-avatar
    Mlimo 4 years

    Put yourefforts to growing food not a habitual drug that causes cancer and misery. Can’t eat tobacco every day.

  • comment-avatar
    Mixed Race 4 years

    Well said @Mlimo

    • comment-avatar
      Tariro 4 years

      tobacco is da only source of income some of us relay on,our officials are just corrupt there people who took maize to da GMB last of last year but they haven’t been paid up to date and u talk about growing food my a…..