Zimbabwe: U.S.$143m Windfall for Tobacco Farmers, As Average Price Rises 13pc

Tobacco farmers have pocketed US$143 million from the sale of 41 million kilogramme of flue-cured tobacco at both the auction and contract floors, as trading entered Day 17 with the average price rising by 13 percent.

Statistics from Tobacco Industry and Marketing Board (TIMB) show that farmers have so far pocketed US$143 247 209 against last year’s US$96 364 470 marking a giant leap of 49 percent.

In volume terms there was a 27 percent increase from 32 284 394 to 41 015 947 kilogrammes.

Contract…