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Tobacco farms under receivership 

A NUMBER of tobacco farms have been placed under receivership in Zambia because of diminishing returns in the industry arising from increased production costs and effects of climate, Tobacco Association of Zambia (TAZ) president, Albert Van Wyk, has said.

Mr Van Wyk said the industry was hoping for a substantial increase in the global price of the crop in order to help boost the industry.

He said the erratic power supply and flooding has led to a huge increase in production costs in the sector this season and induced reductions in crop yields.

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