Home » Business » Tobacco Floors Conduct Clean Up Sales

At least 216 087 kg of tobacco were sold at two of the auction floors during clean-up sales conducted on Tuesday and Wednesday this week.

The mop-up sales were conducted at Boka and Tobacco Sales Floors.

Statistics released by the Tobacco Industry and Marketing Board (TIMB) show that the TSF handled 132 739 kg while the remainder was sold at Boka Tobacco Floors.

The tobacco was sold at an average price of $1,45 per kg. TIMB director Technical Services Meanwell Gudu confirmed that the clean-up sales were conducted over two days.

“The clean-up sales spanned over two days at TSF and BTF. Auction sales have been concluded but contract sales are continuing until further notice,” he said.

Auction sales were closed on June 27 this year and the clean-up sales were conducted to mop up tobacco remaining on farms.

At least 210, 5 million kg of tobacco worth $668 million have so far been sold through both auction and contract sales since the 2014 marketing season opened in February this year, bringing the country closer to reaching the peak of 236 million kg that it produced in 2000.

Source : The Herald

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