Home » Business » MORE THAN 150 MILLION KG OF TOBACCO SO FAR THIS MARKETING SEASON IN ZIMBABWE

HARARE, June 11 – A total of 151 million kilogrammes of tobacco worth 446 million US dollars has been sold since the opening of Zimbabwe’s 2015 tobacco selling season, statistics released by the Tobacco Industry and Marketing Board show.

The tobacco is being sold at an average price of 2.95 USD per kg. At the same time last year, 165. 4 million kg of tobacco had been sold at an average price of 3.18 USD per kg.

Of the total volume of tobacco sold this year, contract buyers bought 110 million kg, valued at 344.4 million USD, and the remainder was bought by various auction floors.

Poor prices have dominated the 2015 tobacco selling season, as prices as low as 6.0 cents per kg had been offered at auction floors, prompting some farmers to sell their crop via contract even though they were not funded by contractors.

The crop being sold this year is of low quality as it was produced under a challenging environment characterized by late and patchy rains. Consequently, there were a lot of unsuccessful re-plantings and this resulted in poor crop establishment and unevenness throughout the tobacco growing areas of Zimbabwe.

The most affected farmers were those without irrigation, and these are mainly A1 and communal growers.
As a result, Zimbabwe expects 190 million kg of tobacco to be sold this year, compared with 216 million kg sold in 2014.

SOURCE: NEW ZIANA

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