First tobacco bale sells for $4,85

First tobacco bale sells for $4,85
Published: 21 February 2014

The 2014 tobacco selling season opened yesterday with the first bale selling at $4,85 per kilogramme which is slightly higher than the $4,50 offered last year.

At least 185 million kilogrammes of tobacco are expected to go under the hammer this season up from the 166,6 million kg sold last year.

Farmers expressed satisfaction over the prices which they described as good for the lower leaves.

Zimpapers chief executive, Justin Mutasa who owns the bale said he was satisfied with the price and expected higher prices as the season progresses.

Zimbabwe Commercial Farmers' Union president, Wonder Chabikwa said the season had started well and said prices should go above $5 per kilogramme.
- herald
Tags: Tobacco,

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