Burley tobacco sales up 90pc

TIMB statistics released recently showed that a total of 260 812 kilogrammes of burley have been sold compared to 25 646kg that were sold same period last year.

This year, prices have declined as the leaf has been sold at an average price of US$1,31 per kilogramme while same period last year, buyers were offering US$2,62 per kilogramme.
Burley tobacco growers had been finding difficulties selling their crop during the tobacco-marketing period.

This was attributed to lack of cash on the part of processing companies.
TIMB chief executive Dr Andrew Matibiri said some processing companies did not have the capacity to buy burley tobacco in bulk.

Meanwhile, 3 005 grammes of burley tobacco seed, equivalent to 500 hectares, have been sold so far as preparations for the next season continue in earnest.
Tobacco production has been on the increase for the past few years due to the attractive prices being offered on the market.

Related Posts

NEW: President Mnangagwa arrives in New York, to attend Zimbabwe Business Forum tomorrow

Wallace Ruzvidzo in NEW YORK, USA PRESIDENT MNANGAGWA has arrived in New York to join fellow Heads of State and Government at the 81st Session of the United Nations General…

Heed Global South’s calls: President . . . demands just world order at UN Summit

Wallace Ruzvidzo in NEW YORK CALLS by developing countries and the Global South for a just and equitable world order must be heeded to accelerate progress towards fulfilling the United…

Leave a Reply

Your email address will not be published. Required fields are marked *