Tobacco marketing sason off to a promising start

By Owen Mandovha

The 2022 tobacco marketing season was off to a promising start, despite a slight decline in volumes in the first three days of the season as compared to the same period last season.

After a weekend break, floors will re-open this Monday, amid hope that prices and volumes will continue improving for the benefit of both farmers and the nation at large.

The first three days of the 2022 marketing season were characterised by a marginal increase in prices as compared to the same period last year.  

According to the Tobacco Industry and Marketing Board (TIMB), the average price for tobacco  was pegged US$2.62 per kilogramme as compared to US$2.38 last year. 

The highest price paid so far is US$6.50 per kilogramme as compared to US$6.30 paid last year.

There is also an improvement in terms of the bale weight, which on average is 75 kilogrammes compared to 71 kilogrammes realised in 2021.

However, deliveries have declined to 1,43 million kilogrammes in the first three days of the season as compared to 1,9 million kilogrammes over the same period last year.

Local analysts have predicted better prices of the golden leaf on the back of strong demand against a depressed global output especially in Brazil, one of the major suppliers of tobacco on the world market.

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