Business / Economy
Zimbabwe's tobacco sales surpass 2012 final output
12 Jun 2013 at 05:12hrs | Views
Flue-Cured tobacco sales have now reached 146 million kilogrammes, surpassing the 2012 final output of 144,5 million kilogrammes. During the corresponding 80th day in 2012 more than 117 million kg had been sold.
So far, farmers have earned a total of US$538 million from the sale of the golden leaf while burley tobacco sales have raked in US$267 663 from the sale of 177 248kg.
At the same time last year 9 413kg of burley tobacco had been sold with farmers pocketing US$22 165.
The 2013 seasonal average price, the TIMB said, is likely going to slide down below the US$3,70 per kg as the least quality crop continues to dominate the market.
So far, farmers have earned a total of US$538 million from the sale of the golden leaf while burley tobacco sales have raked in US$267 663 from the sale of 177 248kg.
At the same time last year 9 413kg of burley tobacco had been sold with farmers pocketing US$22 165.
The 2013 seasonal average price, the TIMB said, is likely going to slide down below the US$3,70 per kg as the least quality crop continues to dominate the market.
Source - Byo24News
