Online Reporter
Precious Manomano
Herald Reporter
FARMERS have so far sold over 114 891 581 kilogrammes of tobacco valued at US$310 019 297, reflecting a significant increase in volumes as the marketing season gains momentum.
This marks a notable rise from the 67 656 080kg worth US$234 491 665 recorded during the same period last year, according to statistics from the Tobacco Industry and Marketing Board (TIMB).
The figures show that 6 492 169kg have been sold through auction floors, while the majority of the crop, 108 339 412kg, has been delivered under contract arrangements.
However, despite the increase in volumes, the average price has declined to US$2,70 per kilogramme, down from US$3,47 recorded during the same period last season.
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In terms of output, farmers have sold 1 361 661 bales, a substantial increase from 807 526 bales sold during the corresponding period last year, indicating improved production and growing confidence among growers.
Meanwhile, rejected bales have also increased to 55 629, compared to 25 528 recorded during the same period last season, pointing to persistent quality challenges.
The highest prices recorded so far stand at US$4,92 per kilogramme at auction floors and US$5,75 per kilogramme under contract sales.
The steady increase in deliveries suggests that more farmers are now bringing their crop to the market, boosting total earnings despite softer prices.
