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Online Reporter
FARMERS have so far delivered 141 million kilogrammes of tobacco, worth about US$498 million to both contract and auction tobacco floors.
According to the Tobacco Industry and Marketing Board (TIMB), 141 million kg of tobacco valued at US$498 million had been sold at an average price of US$3,53 by May 20, 2024.
This shows a 26 percent decrease from 191 million kilogrammes delivered by the same period in 2023.
Auction floors have taken delivery of 8 million kilogrammes, while contractors have contributed 132 million kilogrammes.
The highest price achieved to date is US$6,99 per kg, while the lowest is US$0,10.
Online Reporter