12 °c
London
Sunday, August 14, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Farming

Zimbabwe: Tobacco farmers earn US$9M in 3 days

Staff by Staff
April 14, 2021
in Africa, Agriculture, Commodities, Economy, Export, Farming, Tobacco, Zimbabwe
Reading Time: 1 min read
831 8
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Zimbabwean farmers have earned US$8,9M in the first three days of the 2021 tobacco marketing season after selling 3,7 million kg of the crop at the auction and contract floors.

This represents an increase of over 1000% from the US$783,465 earned by farmers during the same period last year after the sale of 374,338kg.

The 2021 tobacco marketing season opened last Wednesday while contract floors opened the following day. Most of the crop so far has been sold through the contract floors.

The Tobacco Industry and Marketing Board (TIMB) has revealed that 3,3 million kg of tobacco valued at US$7,9M has been sold at the contract floors in the first two days, while farmers sold 489,153kg worth US$1,052,245 at the auction floors in three days.

The highest price at the auction floors is US$4,99 while contractors have offered a highest price of US$$6,30 per kg.

Also read: Zimbabwe’s Voedsel targets US$75M in tobacco sales

So far, 45,651 bales have been sold at the contract floors compared to 6,145 bales at the auction floors.

Zimbabwe Commercial Farmers Union president, Dr Shadreck Makombe, yesterday said farmers with a good quality crop were getting viable prices while a low quality crop was fetching low prices.

“So far prices appear to be fair especially at the contract floors. We expect the prices to continue firming as farmers bring the best of their grade. We urge farmers to work on improving the quality of the crop,” he said.

Zimbabwe National Farmers Union vice president, Mr Edward Dune, said there were still some issues at the auction floors, which need to be “sorted out”.

Related

Via: The Herald
Tags: agricultureFarmingtobaccozimbabweZimbabwe: Tobacco farmers earn US$9M in 3 daysзимбабвеزيمبابويジンバブエ津巴布韦
ScanSendShare336Tweet210Share59Pin76Send
Staff

Staff

Related Posts

Travel

Affordable hotels in Maasai Mara for international budget travelers

by See Africa Today
August 14, 2022
Travel

10 Festivals worth catching a flight for

by See Africa Today
August 14, 2022
Culture

Meet 3 Richest African Immigrants in the US Millionaires Club

by See Africa Today
August 13, 2022
Culture

7 Africa’s Longest Serving Presidents

by See Africa Today
August 13, 2022
Economy

Mozambique’s 22% tax cuts among 20 measures for economic acceleration

by The Exchange
August 13, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Travel

Affordable hotels in Maasai Mara for international budget travelers

by See Africa Today
August 14, 2022
0

The great migration is back with us once again and affordable hotels in Maasai Mara give you a reason to...

Read more

10 Festivals worth catching a flight for

August 14, 2022

Meet 3 Richest African Immigrants in the US Millionaires Club

August 13, 2022

7 Africa’s Longest Serving Presidents

August 13, 2022

Mozambique’s 22% tax cuts among 20 measures for economic acceleration

August 13, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,388 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?