IN 44 marketing days, the tobacco industry has generated almost US$300 million from 77,8 million kilograms of the golden leaf traded at an average price of US$3,78 per kg.
The marketing season reached day 44 on Friday last week after opening in February. Daily deliveries reached a peak on day 38 when sales totaled 3,2 million kg, according to statistics from the Tobacco Industry and Marketing Board (TIMB). Last year, the highest mass sold during a single day was 2,6 million kg. TIMB said the statistics released on Monday showed that by day 44 of the marketing season, sales volumes had firmed by 28 percent compared to the same period last year.
It said the seasonal average price of US$3,78 per kg was US$0,06 firmer than prices that prevailed during the same period in 2012. On day 44, revenue from daily tobacco sales reached US$9,2 million. The average price was US$3,66 per kg. About 2,5 million kg of tobacco were sold, compared to US$4,5 million at an average price of US$3,86 during the same period in 2012. About 1,2 million kg of tobacco were sold on day 44 in 2012.
The Tobacco Sales Floor sold 416 693 kg of tobacco worth US$1,5 million at an average price of US$3,55 per kg, while Boka Tobacco Auction Floors sold 279 231 kg of tobacco valued at US$964 654 at an average price of US$3,45 per kg on day 44. Premier Tobacco Auction Floor sold 76 518 kg worth US$248 349 at an average price of US$3,25. Contract sales netted in US$6,5 million from 1,7 million kg sold at an average price of US$3,74 per kg. At least 1,1 million bales were accepted during the review period, while 48 954 bales were rejected for various reasons. TIMB said about 51 083 growers had delivered their tobacco by day 44.
About 86 941 growers registered for the 2013 season. During the same period last year about 64 293 growers had delivered their output. Zimbabwe About 58 801 growers registered to sell their crop last year. In terms of tobacco production by province, Mashonaland West led with over 24 million kg delivered, Mashonaland Central 21,8 million kg, Mashonaland East 13,7 million kg, Manicaland 8,9 million kg, Midlands with 167 532 kg and Masvingo with 21 655 kg. TIMB projects 170 million kg of the golden leaf to be brought to the auction floors this season, earning the country at least US$600 million. Burley tobacco sales began on April 10 but sales were aborted on April 9 following protests by farmers over "low prices." Sales however, resumed the following day.
To date 5 270 kg of burley tobacco worth US$6 073 have been sold at an average price of US$1,15 per kg, compared to 7 675 kg valued at US$19 052 that were sold last year at an average price of US$2,48 per kg. In preparation for the 2013/14 season, as of April 12, at least 104 495 grammas of seed tobacco had been sold. This is enough to plant 17 416 hectares of the golden leaf.
Source: http://allafrica.com/stories/201304251263.html?page=2
No comments:
Post a Comment