tawandamusarurwa
Online Reporter
Zimbabwe’s tobacco output could reach 300 million kilogrammes this year, which will be a historic record.
As at day 84 of the tobacco marketing season, farmers have sold 287,3 million kg, up 47 percent from 194,3 million kg over the same period last year.
Farmers have accrued US$870 million, a 46 percent rise compared to US$592 million last year.
According to latest figures from the Tobacco Industry and Marketing Board (TIMB), “a total of 287,3 million kg of the golden leaf were sold at an average of US$3 per kg by July 10, 2023.”
Auction floors have taken delivery of 19 million kg, while contractors have contributed 267 million kg.
The highest price achieved to date is US$6,10 per kg, while the lowest is US$0,10 per kg
Bongani Ndlovu