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Tobacco sales to surpass 42 million kg target 

Jump to full article: Zimbabwe Herald (zw), 2009-07-21
Author: Elita Chikwati

Intro:

TOBACCO sales look set to surpass the anticipated 42 million kilogrammes this season, with 41,4 million kg already sold through auction and the contract system as of last Friday.

The floors will be open until the end of August and usually more tobacco is sold towards the end of the selling season as growers anticipate higher prices then.

Growers have so far pocketed US$124 million out of the sales. The bulk of the sales are coming in through contract.

Tobacco Industry Marketing and Board said tobacco has been selling at an average US$2,98 since the selling season opened in May.

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