happiness Chikwanha
Precious Manomano
Herald Reporter
Farmers have so far delivered 198 million kilogrammes of tobacco to the floors, a 25 percent decrease from the 265 million kg delivered during the same period last season.
Farmers have so far pocketed over US$686 million, compared to the US$800 million which was earned by farmers during the same period last year.
Statistics from the Tobacco Industry and Marketing Board (TIMB) show that over 11 million kg worth US$39 million were delivered to the auction floors while 187 million kg worth US$645 were delivered to the contract floors.
This year, the highest price is US$6.99, compared to US$6.10 from last year.
This year’s tobacco output is expected to reach 265 million kilogrammes, a bit below the projected annual production of 300 million kg.
Online Reporter
Bongani Ndlovu