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Statistics obtained from the Tobacco Industry and Marketing Board (TIMB) yesterday showed that the country missed the target of 150 million kgs.
But while auction sales ended last Friday, there is still room to close the gap as contract sales are still going on while a mop-up sale will take place on August 22.
The TIMB has said contract sales would continue until further notice.
TIMB has also said mop-up sales, held to allow farmers to sell their remaining crop, may be held for more than one day depending on volumes delivered.
Of the 140 million kgs sold this season, 88 million went through the contract system while 52 million went under the hammer through the three auction floors.
The golden leaf was sold at an average price of $3,67 per kilogramme which was higher than last year’s $2,75 per kilogramme.
Volumes of rejected tobacco went down to 5,56 percent from 6,95 percent last year as farmers appear to be gaining more knowledge of packaging their crop.
Tobacco is one of Zimbabwe’s major agricultural exports, accounting for 10,7 percent in the half year to June.
Major export destinations for the country’s golden leaf include China, UK, South Africa, Indonesia, United Arab Emirates, Mauritius and Russia. — New Ziana.
Blessing Chizhande
Online Reporter