Tuesday 25 July 2017

Zimbabwe tobacco marketing season opens

Zimbabwe tobacco marketing season opens
(APA 03/16/17)
Zimbabwe tobacco marketing season opens

Zimbabwe’s tobacco marketing season kicked off on Wednesday amid revelations that the total output of the golden leaf is more than 200 million kilogrammes this year.

Figures released on Wednesday showed that a total of 202 million kg of tobacco was produced during the just ended 2016/17 farming season.

However, only 16 million or about eight percent of the total, would be traded via the auction system, with the remainder being sold to contract buyers.

Trading opened at an average of US$4.60 per kg.

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