admin
ZIMBABWE has so far generated US$526 million from this year’s tobacco crop, whose output has surpassed the record set last year.
The figure is expected to rise as mop-up sales have begun.
This year, farmers delivered 758,18 million kilogrammes of tobacco, shattering last year’s record of 753 million kgs, as new farmers continue to grasp the concept of producing top quality tobacco.
Tobacco Industry and Marketing Board (TIMB) chief executive officer Dr Andrew Matibiri said that farmers have continued to produce quality tobacco as they amass more experience.
ALL SHARE
The All Share index added a further 0.83 points 0,50 percent ending at 166.75 points. Old Mutual Limited gained another $1,5918 to close at $25,0418, Simbisa Brands Limited rose by $0,0700 to close at $0,6500 and SeedCo Limited traded $0,0100 higher at $1,3600. Other counters trading in the positive were Dairibord Zimbabwe Limited which advanced by $0,0100 closing at $0,3100 and African Sun which increased by $0,0040 to end at $0,3500.
Gains were offset by the following losses; OK Zimbabwe Limited traded $0,0285 lower at $0,3215, Econet Wireless shed $0,0091 ending at $1,1701 and SeedCo International lost $0,0023 to close at $2,1800. Two more counters to lose ground were Axia which eased $0,0015 to close at $0,3850 and Delta which dropped $0,0008 ending at $2,9000.
Online Reporter