18 January 2018
   
Soldiers deployed all over rural Zim: MDC-T
MDC-T’s Mudzuri begs ZCTU for support
Moyo claims CIO spy killed during coup
Activist wants ED, Chiwenga at Hague
Priscilla: Erection at 45 like winning lottery
Outrage as top soldier threatens 2008 terror
ED era to yield 'good things', says Pari
Man grows dagga to cure heart, caged 18mths
MORE NEWS
Bond notes here to stay, says Chinamasa
South Koreans in $70m Zim agro-project
MORE BUSINESS
Hubby bashes Star FM anchor in love row
$18/yr subscr too much for musicians
MORE SHOWBIZ
Caps bid to rehire star forward Nhivi
Mourinho says 'relaxed' about Sanchez
MORE SPORTS
A view beyond the Zimbabwe coup
'Shit-hole': Just Take moral high ground
MORE OPINION
 
Economy: the need for a paradigm shift
Trump rage ignores truth: A response
MORE COLUMNISTS
 
 
Zimbabwe’s tobacco earnings down 14pct after 60 days of trade: regulator
02/06/2015 00:00:00
by The Source
 
 
RELATED STORIES
Govt begs farmers not to quit tobacco
Tobacco farmers face winter of hunger
Zim tobacco smoking again

TOBACCO sales have fallen 14 percent in the 60 days of trade since the tobacco selling season started, the industry regulator has said.

The marketing season normally starts in mid-February opened late this year following delayed rains and late harvesting by farmers.

A report by the Tobacco Industry and Marketing (TIMB) shows that seasonal tobacco sales are down 14 percent at $413 million from $482 million sold last year after a similar period.

The total volume of tobacco sold so far at 140, 473,412 kg is seven percent less compared to 151,648,224 kg last season, with most of the crop coming from the contract farmers.

Only 39,084,527 kg has been sold through the auction floors where merchants were paying an average price of $2,48 per kilogram.

The average price for contracted tobacco is $3,12 per kilogram.

In 2014, total flue tobacco amounted to 216 million kilograms earning the country $684 million.

This year Zimbabwe projects lower output at around 195 million kg.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker