Impressive prices at tobacco auction floors

By Davison Vandira
TOBACCO farmers have been impressed by the grading and pricing at contract and auction floors which has seen prices breaching the US$6 mark.
The early days of the tobacco marketing season are traditionally characterised by low prices.
However, this season is different as the prime grade has already breached the US$6 mark per kilogramme, where average prices are hovering above US$2.70 as compared to US$1.80 for the previous seasons.
The high prices for low grade tobacco have given farmers reason to believe that exciting times are imminent as lags and leaf grades will soon be finding their way to the market.
“This season is really exciting when one considers the prices that are on offer are attractive” said a tobacco farmer
Another farmer said “The events of the past 5 days have given us positive signals that we may witness the best season ever with respect to prices as well as quality.”
“So far so good there is generally good progression owing to how classifiers and buyers are conducting their business,” echoed another farmer.
Despite the poor rainfall that characterised the tobacco farming season, 2022 is anticipated to be one of the best seasons with respect to quality and pricing of the golden leaf.

Leave a Reply

%d bloggers like this: