$585m tobacco sold by season end

Masline Mavudzi Herald Reporter
Close to 200 million kilogrammes of flue-cured tobacco worth $585 million was sold during the 2015 season which ended on Wednesday. Tobacco Industry and Marketing Board public relations manager, Mr Ishemunyoro Moyo, on Thursday said insignificant volumes of tobacco were expected from the Northern Tobacco clean up sale.

“Tobacco growers sold 198, 7 million kilogrammes of flue cured tobacco worth $586 million during the 2015 marketing season. Earnings declined by 14 percent from the 215,8 million kg worth $684 million that had been sold during a corresponding period last year.”

According to latest TIMB statistics, the seasonal average price was $2,95 per kg compared to $3,17 per kg last year.

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