Farmer's Voice

Growers in Zimbabwe Sell 96.1 Million Kg Of Tobacco So Far

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Statistics released by the Tobacco Industry and Marketing Board of Zimbabwe showed that as of April 24th, tobacco growers sold 96.1 million kg of flue-cured tobacco worth US$ 316.8 million at an average price of US$ 3.30 per kg, down 7% in value and up 21.04% in volume from last year.

The growers sold 66.4 million kg of leaf through contract, while auctions accounted for the sale of 96.1 million kg of leaf. Andrew Matibiri, chief executive officer of TIMB, said leaf quality and volumes delivered by farmers have improved.

The TIMB said more than 103,165 growers registered for the current season compared to about 87,860 during the same period last year.

The growers sold 14.7 million kg of leaf at an average price of US$ 2.98 per kg at the Tobacco Sales Floor on April 24th and 7.3 million kg at US$ 2.72 per kg and 7.6 million kg at US$ 2.79 per kg at Boka Tobacco Auction Floors and Premier Tobacco Auction Floor, respectively.

Statistics released by the Tobacco Industry and Marketing Board of Zimbabwe showed that even 45 days after the official opening of the marketing season, the price of leaf tobacco continued to remain low at an average of US$ 2.62, a 31% drop from US$ 3.79 recorded in the corresponding period of the previous season, while the amount of rejected bales in percentage terms rose from 8.53% in 2013 to 11.80% this year.

The TIMB said prices are expected to rise steadily as most growers are now delivering top leaves which normally attract higher prices compared to lower primings. Monica Chinamasa, chairperson of TMIB, said the price offered depends on leaf quality, adding poor grades fetch ower prices (Newsday Zimbabwe 4/28).