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October 03, 2011

Zimbabwe: tobacco season's final 200,000kg auctioned

by Victoria Mtomba

Two hundred thousand kilogrammes of flue-cured tobacco were sold during mop-up sales last week, Zimbabwe's Tobacco Industry Marketing Board (TIMB) said.

The final sales brought the total of tobacco sold so far to 132,3 million kg at an average price of $2,73 per kg.

In a weekly bulletin for the 32nd week of the selling season TIMB said a 7,69% change was recorded compared to the previous year same period where 122,9 million kg were sold at an average price of $2,85 per kg.

TIMB indicated that two more contractors were yet to conduct their final purchases before the close of the 2011 buying season.

A total of 1 702 036 bales were laid compared to 1 587 034 bales same period last year while 1 582 852 bales were sold this year compared to 1 458 684 in 2010.

During the period under review seasonal exports stood at 88,5 million kg at an average price of $4,83 per kg.

A total of 28 million kg were sold to China while 10,6 million kg and 9,6 million kg of tobacco was sold to South Africa and the United Arab Emirates respectively.

TIMB said besides 18 million kg permit for the import of tobacco being issued only eight million kg had been issued.

At least 260 812kg of burley tobacco were sold compared to 25 640kg last year same period.

A total of 22 865 registered growers participated this year in the tobacco selling season.

Newsday

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