Zimbabwe: Tobacco Sales Reach $580mln

Source from:  The Zimbabwe Mail 08/18/2016

Zimbabwe has so far sold 197 million kilogrammes of tobacco worth $580 million, statistics released by the Tobacco Industry and Marketing Board on Wednesday show.

Contract sales were 161 million kg at an average price of $3,03/kg for $489 million. Auction sales stood at 35,8 million kg at an average price of $2,55/kg for $91 million.

Auction floor sales closed on August 5, but contract sales will continue until the end of this month. Zimbabwe remains on track to surpass last year’s figure of 198 million kg sold last year.

Mop-up sales will be conducted on August 23, a TIMB official told The Source.

Export earnings stood at $253,7 million. Enditem