Published: 11 February 2014

Tobacco auction floors are putting up final touches at their premises ahead of the start of the 2014 tobacco selling season set for next week.

The 2014 tobacco selling seasons begins on February 19 with three auction floors taking part.

Last year, a total of 166 million kilogrammes went under the hammer. The auction floors are Premier Tobacco Auction Floor (PTAF), Tobacco Sales Floor (TSF) and Boka Tobacco Auction Floors (BTAF).

TSF managing director James Mutambanesango yesterday told NewsDay in an interview that they were more than ready for this year's tobacco selling season.

He said eight banks had since confirmed they would be setting up operations at the auction floors and two more were expected to come on board.

Mutambanesango said TSF expected to sell between 1 000 and 1 500 bales on the first day, adding that farmers were usually cautious over pricing at the beginning of the season.
- newsday

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