Zim tobacco sales down 7,3pc

Zim tobacco sales down 7,3pc

Source: Zim tobacco sales down 7,3pc – DailyNews Live

Staff Writer      11 August 2017

HARARE – Zimbabwean farmers sold 184,5 million kg of the nation’s top
export earner tobacco by day 99 of the selling season, which is 7,3
percent lower compared to 199,1 million kg received in  prior year,
official data showed.

Statistics from industry regulator Tobacco Industry and Marketing Board
(TIMB) showed that farmers had sold tobacco worth $547,5 million – which
is 6,6 percent lower than the same period last season – at the country’s
auctions and to official tobacco buyers since the selling season started
on March 15.

Zimbabwe’s tobacco earns more than platinum and gold.

TIMB figures also showed that contract floors contributed 83 percent of
seasonal total tobacco sales against 17 percent for the auction floors in
the same period.

Bales rejected have been gradually decreasing from 12,4 percent on Day 1
to 5,90 percent on day 99.

Average price per kg stood at $2,97 which is 0,8 percent lower compared to
the prior year.