Zimbabwe: 148 Million Kilogrammes of Tobacco Delivered So Far

23 May 2024
The Herald (Harare)
By Precious Manomano

Farmers have so far delivered 148 million kilogrammes of tobacco worth US$521 million to both the contract and auction floors.

Statistics from the Tobacco Industry and Marketing Board (TIMB) indicates that 8.5 million kg was delivered at the auction floors, while 139 million kg was delivered to the contract floors.

Last season, 201 million kg worth US $604 million was delivered during the same period.

Since this year's crop was greatly affected by the El-Nino induced drought, a target of 265 million kg is expected, which is far below the 297 million kg obtained last year.

The average price has increased from last year's US$3.00 to US$3.53 this season.

The highest price has been US$6.99, compared to US$6.10 last year.

So far, rejected bales are sitting at 52 969, compared to the 66 985 recorded last season.

Read the original article on The Herald.

Tagged:
Copyright © 2024 The Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.